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Well they are going through their industrial revolution at warp speed and they can make anything cheaper and faster than anyone else.
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They have very few laws that restrict them from forced labor and proper handling of hazardous waste. So they can make things for .0001 of a cent and sell it for 100 dollars.
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:O we have standards, they don't. Plus their products suck. If they ever implement standards then their economy will decrease, and we would be way ahead of them insofar as having standards and having a successful economy. Most of china is also still pretty ghetto. Plus we're the ones that buy most of their products, so if we get fucked so will they.
but again I'm totally ignorant in the matter...