Noah is correct. The “China cycle” was widely denied because believing it was real was associated with racism, partly due a very successful Chinese propaganda operation focused on PMC liberals that equated believing in the cycle with such. That influence operation worked and was fairly brilliantly done by the CCP in that it got a lot of bang for the buck renminbi.

Those days are mostly over now, so you no longer roundly get accused of racism when the Chinese do something harmful or at least not very nice and get called out on it.