> but government policy is now making Chinese consumers poorer than they otherwise would be

What country has perfect government policy?

The US has atrocious government policies. Costs of college, cost of healthcare insurance, the reason so many uninsured people use the ER as their primary medical usage, tax policy prioritization of capital reinvestment over wage earnings, caring for the environment over affordable housing, etc are all problematic policy outcomes which make the average person poorer.

They are also unsustainable.