yes and no. china is a fast ship, and they can turn fast, and accelerate fast. because they lack the bureaucratic guardrails that exist in a western democracy like the USA. but fast ships find their way onto rocks quite often.
the chinese govt is currently trying to do everything it can to remain a manufacturer on a global scale. that means more AI, more automation, more energy, etc. But with 1+ billion mouths to feed they'll feel issues that come with that trajectory faster than the USA. i'd frankly be shocked if they dont renew the 1 child policy in the next 20 years, they need to drastically reduce their population in the coming more AI driven manufacturing economy. and they need to not only match the cost of US producers, but beat it, to serve the US market. due to shipping costs.
This might sound rather horrifying to you.
You know why the Chinese is not afraid of the United States in a all out Nuclear war ?
CCP is waiting and will bait the US to launch Nukes to help them cull a decent part of their population without them doing it themselves.