@kentwillard thanks!
the proposal is not motivated by any desire to compete with China, but rather to learn from China.
in practice, though, the US adopting a more China-like economic approach will create tensions with China. China recoups much of what would otherwise become subsidy (opaquely embedded in underperforming loans) by international sales. our becoming a net overproducer reduces our role as customer and creates new competition for products in third markets.