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NYT spreading sinophobia and warmongering as usual
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All of this implies that China is a socialist leaning nation that is growing in industrial power that everyone wants to trade with.
I think it is strange that they think that China offering better deals in over-exploited nations to be less exploited is a threat to prosperity at home.
The profits of the large corporations would be impacted but delivering services could still function without hurting consumers if corporate profits are high enough.
You're overthinking it. For the NYT, "The profits of the large corporations would be impacted" = "threat to prosperity at home".