U.S. manufacturing moved abroad over the past 70 or so years based, importantly, on buying sprees of U.S. businesses investing in M & A and new plant & equipment abroad. China became a global consolidator over the past 20 or so years and is now building out AI/Robotics/6G networks to protect and enhance their manufacturing leadership. Equally, or more important, is China’s growing significance in daily U.S. dollar movements adding dollar-warfare exposures.