You can fake stats sure, but can you fake the fact that everything sold in an Apple store and half the stuff on Amazon or Walmart is made in China now?
You say that as if manufacturing product for someone else was a highly profitable business. There is a reason more and more has gone overseas. The margins are vanishingly small and continuing to drop.
Yes but will China ever make a decent pair of pliers or crescent wrench for export? So far the answer is "No!". We've been inundated with one-time-use tool fluff/cruft for a decade now with no sign of it letting up. Good thing we're raising tariffs.
In contrast, Taiwan-made tools are excellent, on a par with USA-made and European tools. Too bad Taiwan is caught up in the tariffs. But I always look for the "made in Taiwan" label anyway. If its present then I know it will work well. And older tools from Taiwan on eBay are good too.
Like really people, China is probably faking some stats, but they're clearly rich and making a ton of money and stuff.