"The IP laws have been written by the US, for the US, and its terms keep on changing to continue protecting US interests."
What?
The US has only written IP laws in it's own jurisdiction. Europe, and other nations definitely write their own laws.
Nations make agreements with each other for their own benefit, for example, there is an IP section within the WTO.
If China, or anyone else, thinks they are better of without having IP laws - that's fine. Then nobody should respect their IP either.
The other problem is that China is part of the WTO and they are supposed to actually be doing one thing, but they are actually doing another ... i.e. they are out-of-bounds of their own treaties.
It was perfectly rational, in 1980's and 1990's for China to ignore IP laws, and interestingly - it was rational for the rest of us to allow them to do it.
But if you want a 'seat at the table' of major economies, that needs to change.
And it's in China's best interest to do so as well.