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China dominates the global markets in commodities and manufactured goods.
This is because it can convert those commodities into manufactured goods more efficiently than USA or any of its client state subservient tribute states.
China enjoys the hybrid vigour of state capitalism combined with free enterprise.
Sad old Uncle Sam cannot make anymore Interceptors because he cannot produce his own refined rare earths and Chairman Xi has sanctioned any further export of Chinas refined rare earths to the US military supply chain.
Suez-Hormuz.