Financial repression is a thing in China. It's true that mercantilism has been better for Chinese people than the IMF agenda for anyone else. So what?
EDIT: It takes two to mercantilist: the perennial exporter and the perennial importer. Mercantilism has been good for the American consumer, and bad for American industry, so bad for America.
South Korea, Japan, Taiwan and China are all huge success stories due to protecting nascent industries while they caught up with more industrialized states.
But you wrote: "Not even China! (At least not Chinese people.)"
In one comment you say it didn't benefit the chinese people and then when you are called out, you say it did benefit them.
It's amazing how anti-china propagandists contradict themselves over and over again. You should go work for a news company.
Also, Chinese companies are being paid in dollar debt that can easily turn out to be worth less than they though. China has all these reserves that, if they really push their model, must move in a big way towards zero. That's not good for them.