As you say, "China" is here only a placeholder.

This "logic" that you need to do obviously illegal stuff (under current legislation) because otherwise someone else would do it and take the loot from that raid remains highly questionable no matter what country you put in that placeholder.

The same "logic" would for example dictate that you should dismiss patents as otherwise "someone in China" could do it before you. Somehow nobody would agree that this is a valid approach in that case…