I changed 180 degrees when I started learning about the growing Chinese influence, how politically corrupt they are, and the excessive violence and human rights violations exercised against minorities.
China is growing its economic dominance very quickly. They are gaining many growing Asian and African countries under their belts (pun intended with the belt & road initiative [1])
These poor counties don't really have a say when offered china's generous offers, but we do.
It is going to be expensive, just like trying to fix climate change is: We have to be willing to pay to fix our mistakes (or other people in our society, if we want better future for our [grand]kids. But we will only be paying the price of our mistakes: depending that much on sweatshops, factory workers who are paid next to nothing, and collaborating with an authoritarian regime that clearly opposed our values for the longest time.
[1] https://en.wikipedia.org/wiki/Belt_and_Road_Initiative Concentration camps and race-based terrorism in Xinjiang: https://www.businessinsider.com/what-is-life-like-in-xinjian... Belt and road effect on nature: https://www.businessinsider.com/china-belt-road-encourages-i...
PS: I agree with the stance on bloomberg, but that doesn't really defy my point. I just had to get something off my chest.