This is what happened in Ireland and Greece and will eventually happen to the entire west when the richer countries finally fall. The collapse of Industrial infrastructure in some parts of Europe more notably Britain has led to a a service based economy which relies on consumers and middlemen conpanies to keep the economy moving, its a little like the abolition of the gold standard , with money being printed which bears no relationship to any actual asset.

Everybody is swapping work and money back and forth amongst themselves without there being anything REAL produced and with no real n out of paper cash.

Enter China a REAL end user hungry for investment, raw materials and REAL mineral resources to fund its growing REAL industries and infrastructure , everybody who is anybody is now working for them and those that cant or wont are replaced by Chinese Labour from the mother country of which China has a huge surplus and often neither wants or needs Local Labour.

The west, Like the Roman empire complacent in its assurance of its on former success and continued dominance is too busy trying to create utopia with its meddling governments promoting multiple programmes of save the planet and stop smoking campaigns , health and safety laws and Human rights legislation which lead to the stiffing of innovative business ideas and schemes sorely needed to drive the a new European economy based on large projects and even the exploration of Space and many other REAL projects.

China has no such arrogance built into its national character to them people are commodities like any other , profit and the achievement of the end goal is everything , even if it cost a few lives in the process ( the great Wall of China was not built with the inclusion of H&S polices or wringing lazy people on the dole all their lives) China right to live comes from the effort that one and indeed all individuals make to the overall success of the entire Country.

It used to be this way in England in the 19th Century and nobody needs reminding how successful the British were ( half the world speaks English and a four new countries were created by the British empire all of them successful stable societies to this day.

Europeans have lost the plot and are busy in LA LA land while China takes over the world by trade ( much like the British before them) also they do not allow large scale immigration into their countries of third world uneducated people to drive buses and be traffic wardens , hiding behind they principle that they have enough of their own , in reality they are ( as seen in their African adventure) just as racist as any European , many Chinese firms in Africa will not employ local Labour and bring in their own who they regard even at the manual workers level as superior to Africans. the same polices apply in China but for different reasons they do not want their culture and history belittled and destroyed over time by large alien threats such as Islam and what they term as sub standard peoples from other cultures.
While their incursions into the west may not engender similar tactics certainly they will exercise tight control over the leading managers and designers in any given Chinese owned factory in the West.
Euro and the west has to grow up or in as little as two generations in may find they are second class citizens in their own countries