Did American corporations not gift China with a massive amount of free, working out of the box technology to get them going?
The classic example of this is how landline telephony is much less prevalent than cellular in much of Africa. Landline technology was effectively skipped. I don't think African governments and societies are benefitting at the expense of western cell phone businesses. It's not a zero-sum game in this respect.
It seems fairly unlikely to me that China turned into the manufacturer of the world in such a short period of time without being gifted the skills and technology to do so. And now, companies like Xiamoi can now challenge (or, at least run with) the tech leaders.
Pretty impressive transformation in < 20 years.