I'm not quite sure I'd go that far.
The whole situation (and past) with China is more complicated than you may first think.
I have an import company, for almost 8 years Double Dutch Designs Ltd has also imported goods from China. The free quota system used to keep things ok, if Chinese goods became too cheap for UK/European manufacturers to compete then the free quota was lowered and less goods could be imported the following year, if they kept prices higher and paid proper wages then free quota was increased. A company could only import it's free allowance (slice of the cake) each year and no more without paying huge taxes to make it unprofitable. The system kept EU (inc. UK) manufacturing alive - it could not possibly compete with China. Greedy big "buying" companies didn't like it and put pressure on various EU officials to increase limits or get rid of the free system altogether - allowing unlimited but slightly taxed imports.
Anyhow, eventually the free quota system was scrapped about 3 years ago by the EU. The UK DTI didn't want to get rid of it, but it had to because of the UK commitment to the EU policies. Imagine how many manufacturers left the EU to create factories in China over the last 3 years, I don't think there is one left now?
Makes you think who is running the Asylum?
The good ol' USA still has a quota system for China (I think they saw trouble brewing or they simply just don't like China), but because goods can come in through the "backdoor" of Europe (making a few people in the EU *very* rich) the only thing it can do to stop it all is introduce a quota system against Europe - which it cannot do without causing chaos. Now there is also a new South American alliance being introduced to compete with China (possibly part of an effort to destabilize China - who knows?), this will drive prices even lower and risk of lower quality higher.
I don't blame the actual Chinese. It's not good for the Chinese people who find the whole population in some areas working for a single factory for 18 hours a day for virtually no wages. It's almost slave labour.