Atlantic: Through the past four years I’ve often suggested that China’s vaunted achievements are less impressive, or at least more complicated, seen up close. Yes, Chinese factories make nearly all of the world’s consumer electronic equipment. But the brand names, designs, and most of the profits usually belong to companies and people outside China. Yes, China’s accumulated trade surpluses have made it the creditor for America and much of the world. But the huge share of its own wealth that China has sunk…