Seems to me that China has bought up most of the world really
Here in Spain the government did a massive deal with China quite a few years ago. The amount of chinese run shops and more along the coast than inline, chinese restaurants is unbelieveable. That deal?
It was a reciprocative arrangement, chinese come here and start a business with NO taxes (of any kind) to pay for the first 7 years, the same with Spanish setting up business in China. Of course it doesn't take an Einstein to understand that this is only a one way trip! After 7 years when tax becomes due, the Chinese either sell to another Chinese company starting the 7 year cycle again, or simply close down one outlet and open elsewhere.
I find it funny that chairman Mao wanted to rule the world with Communism. Sixty years on and they rule the world using capitalism against the capitalists
But if we benefit from cheaper goods who are we to complain? Last week we were down on the coast and dropped in to a chinese restaurant, had a lovely 3 course meal, came out totally stuffed for 10€
The quality of food in a spanish bar would have just been basic tapas slapped on a plate for this price.