Instead of seeing manufacturing in China as a race to the bottom, a lowering of standards which will eventually compromise the quality of knives offered generally, look at it from the other side. We have actual evidence from more than one company that this process is raising the quality of knives being made in China. This is no different than the process we saw in Japan and then in Korea and Taiwan.
In fact, the quality of Chinese products depends primarily on the requirements of the American principals who contract for the knives or who even run their own factories in China.
There is a legitimate worry that has nothing to do with the products themselves, and that is the rivalry between the great powers involved. But socio-political discussions have nothing to do with the products themselves, and there are better places to discuss them than here. At least if you do feel impelled to state an opinion in this forum on China vs. the US, be sure to separate it from opinions on the quality of their products.
You can justify it all you want but it still doesn't make it right. I guess the quality is better than it use to be considering the workers are probably threatened with their lives and jobs if they don't improve it. They are still communists you know and socio-political discussions have everything to do with everything.