Had me until the vr point. Vr has so many great uses from manufacturing and engineering to teaching and practicing medicine in a way that gives you a 3D presentation of schematics or human bodies.
Commercially vr is doing ok, but many of the issues have come from Meta bottlenecking the vr world by buying up all the big studios then having them make cheap mobile phone game-level experiences instead of really expanding the scope of things.
Does China actually import anything from the US?