America "created" China and in the process took away jobs from US & Europe to Asia (mainly China).
China killed the goose that was laying golden eggs. It exported so much at such prices that not only it killed the factories in the Western world but hurt their people so badly that it killed its own customers.
The only way the Western World will arise is if its people decide to get patriotic and stop buying Chinese goods. New technologies will help but will not create many jobs.