+1, right on point, and the kicker is, China climbing up any tech ladder will always decrease the profit margins for any field due to both competition and inherently lower costs (due to economies of scale, infrastructure and highly productive labor).
So when they said they can't afford the world for Chinese to live like the west, they're wrong. All it takes is for the west that hasn't cut resource usage and emissions to Chinese levels yet, to do so, and for profit margins to be normalized at the Chinese level.
Most European countries won't change much but US/CAN/AUS/SK/JP in particular are going to take a 50% cut on their economy when China takes their markets. Now you know why some are going apeshit over China, and some are just along for the ride.
Therein lies the problem with all the western countries you mentioned because for a quite a long time the persistent and the most consistent theme and narrative was that China was essentially a backwater country; technologically laggard, slave labor, no rule of law, oppressive state apparatus, stifling not just innovation but the essential creative freedom allowing the geniuses tech companies and industries of tomorrow driving the economic prosperity along the way. So the People's perception, understanding, appreciation of the China competition is already heavily distorted, based on very negative portrayal lacking in context and relies more on propaganda which is itself ironic. As a result all these Chinese rocket like progress that's been coming at them doesn't add up to the narrative they've been told time after time. Which is partly the reason(s) why the anti-China attacks of stealing IP, mass surveillance, mass hacking, cheating etc. seeps into the emotional and psychological psyche of these people. Who can blame them? If you're told that a subset of people in a particular country is nothing but a shit hole and a dystopian hell hole with a political system that's worst in the history of the world you're not likely to be sanguine on that country and people now are you.
The west, led by its government has basically coasted on the victory it achieved in WWII without explicitly acknowledging the sacrifices made by the people in China as if their contributions were inconsequential and not worth mentioning when the reality was much much different. The size, scope, and scale of the sacrifices in blood, treasures, and lives from China and Soviet Russia are unimaginable in the western mindset. Plus, this new world order was validated and punctuated when the USSR fell further solidifying and entrenching not just the American hyperpower but also the triumph of western ideology leading to the now famous/infamous Fukiyamas "End Of History" essay turned book.
The people have lost touched became lazy, entitled to the idea that their lives are supposed to live in a lap of luxurious privilege. The competitive zeal and innovation that kept the west at the top of every HDI has been assumed to be their divine right and preordained. The dumbing down of its education, hedonistic degenerative culture, violence, never ending culture war has kept them busy while the Chinese people were chugging along and aiming with an almost singular purpose and focus to achieve their dream of Chinese national rejuvenation as well as the reunification of lost territories, culminating and arriving at the current juncture where we are today.
Instead of acknowledging the rights and respecting China's enormous achievements which are unprecedented they're instead maligned, dismissed with hubiristic rubbish. The political machine cannot and will not be able to tell their people the truth nor will they be able to craft anything that would accommodate China's place in the world. Doing so would admit to their now rabbid like populace that China's system works, and that there's another way for any other countries to lift themselves up by their bootstrap if they do desire not just by want, but by actual deeds.