The USA seems to think they can repeat their playbook against Japan in the 1980s. They forced Japan to open its market to more products and business activities; also to increase the value of the yen. This led to a decrease in the growth rate of Japan, in their opinion, but in my opinion because Japan had already reached USA levels of GDP per person their economy basically peaked and those changes made little to no difference. As for the industries the USA sought to protect against Japan, most of them ended up leaving the USA regardless. They just went to other countries in Asia. One example would be the DRAM business. I doubt it will happen with this China though. They are far from reaching those levels of GDP per capita and there is a lot of infrastructure yet to build in China. Hydropower plants, canal and waterworks projects to increase their agricultural land area, cleaner energy, and cleaner water, etc. The switch from coal to natural gas power on the cities will be part of this initiative. China, in my opinion, could be still spending money on infrastructure for another decade at least. Look at what happened in 2007-2008. A lot of people claimed Chinese construction investment would stop, because they had built a lot of houses and highways, but they just invested more on high-speed-rail and subways on all major cities. I think that was a wise investment because it reduces Chinese need for oil, increases their strategic mobility, and the subways can double as shelters making Chinese cities much harder to conquer.
The sanctions on Chinese weapons purchases on Russia equipment are to put it mildly quite ridiculous. Also the way this USA government flip-flops its political discourse makes them look like an unreliable partner. The major imports that China needs are food and energy. Russia is a much more logical business partner in this than the USA and they already made strides in that regard by both selling land in the Far East for China to develop and working on supplying them with natural gas. I also think the recent Caspian Sea agreement might lead to some interesting developments in that area but we'll have to see.
