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OK, look buddy, I'm really not a fan of genocidal anti-democratic autocracies, but with your silly arguments you're making me argue for them. Yes, it's good for the average Chinese person. The average Chinese person gets a fucking national heavy industry, with millions of jobs in manufacturing, R&D, services etc. Are we really going to pretend here that does not benefit Chinese workers?
And are we really going to be shedding crocodile tears that it's somehow unfair to us in the West when we have been glazing billionnaire's dicks for the last 40 years of the neoliberal era? We have built an economy on neoliberal fantasies of trickle down economics, we empowered money hoarders to do financial speculation and all it got us is the 2008 meltdown when even fucking Ayn-Rand-fuckboy Alan Greenspan admitted he had the model wrong.
And since 2008, we have concentrated insane wealth in fucking insane billionnaire hoards while our societies suffer under austerity, with no investments in actually meaningful education, in industry, in research beyond bullshit bubble schemes like AI. And now we cry for "colonialism"? Give me a break. Give me a fucking break. We cut our own dicks with fifteen years of austerity and under-investment. And now that the Chinese learned our game and are beating us in our own fucking game, we cry "colonialism"? Colonialism doesn't get anywhere near to what they're doing. Colonialism is what we've been fucking doing for 200 years to the entire Western Hemisphere and Africa. Now we cry "colonialism" when we don't have the fucking balls to build an economy that's not predicated on sucking capitalist dick? Give me a break.
The industry already exists. It's being juiced artificially so they could sell goods to other countries under cost.
Same money could be used for e.g healthcare. China has a pretty US style healthcare system, just a bit cheaper. Instead it's being pumped into private companies that already have a cost advantage before said subsidy.
What they're supporting as a nation is illegal in a lot of places, which is why they're met with tariffs. Which, btw, China also does. They use tariffs too. Dumping is a means of establishing a monopoly.