China is happy to take our valuable natural resources, in raw form, so that they can convert those resources to more useful products within their own country, thus creating millions of jobs and finished products that can be sold back to us. They give us a pittance of money for those raw resources. We lose those nonrenewable resources forever that WE could have used for OUR development, then we take that pittance money we received from China and use it to buy their poor quality products. In the end we'll have no nonrenewable resources for ourself, no money, and mountains of junk from China.
Wow, that sounds like the Look North policy was an EXCELLENT idea. Thank you Paias Wingti!