The chinese are NOT 'selling you a cheaper item'. What they ARE doing, is bankrupting your industry and economy. (mine too, don't get me wrong). The chinese government (if you can call it that) are HUGELY invested in doing such.Amazing how that happens. The Chinese are able to produce our own products and ship it half way around the world and still sell it to us cheaper than the US made product.
They're taking the 'long game' and planning for it many generations in the future. Look at their past.