Not just us, but everyone else is willing to do the same. China is getting rich from exporting cheap garbage to the world. If nobody wants to buy Chinese stuff (I haven’t in decades) then China has no money.
And China not only has an incredible amount of debt, but it’s super high compared to their GDP as well. It’s the largest debt bomb in human history. They’ve been running on debt for many years, propping up their own economy with mostly flimsy infrastructure projects like their ghost cities. Their production greatly exceeds the demand, even internally.
When China’s debt bomb goes off, probably very soon, it would be best for everyone to be distanced from China. Their society could collapse like nothing we’ve ever seen. When it does, don’t expect to get electronics, toys, or masks from China. They won’t be able to make anything.