> China wants to deindustrialize non-Chinese industries for strategic and/or natsec reasons,

No. Not even close

China wants its place at the table.

With Erope and USA

People seem to think a developed China is a threat. But they are not staying in rural poverty for ever for our sake. That is not a threat.

They are not trying to "deindustrialise" anybody, just finding a place amongst equals