Sure, the difference was that we were going to learn Japanese because we thought they would pretty much buy up all the US companies and we'd wind up working for the Japanese. And there really wasn't much in the way of outsourcing to Japan; even then, outsourcing, at least for electronics, was to Malaysia, Thailand, Taiwan, etc.
Currently, China isn't doing much in the way of buying US companies, perhaps a wise move on their part. But, we'd be learning Chinese so that we can buy stuff from they, or pay them to make stuff for us. A slight, but significant, difference.
TTFN
FAQ731-376