I second this attitude. If you actually look at the stats on China without their massaging of the numbers, they are very much in Soviet "We tortured the numbers so they say what we want" territory.

Their infrastructure has been unfavorably compared to "Tofu Dreg" (not even Tofu, the leftovers from MAKING Tofu) by their own officials, which likely means its worse than it actually is. A lot of that money is also being taken to fund their own personal accounts much like the Soviets before them.

Their space program has the same problem as the Soviets where they use all of their effort to yeet a rocket into low orbit with little to no control, which results in rockets and satellites with extremely limited lifespans, while the US has satellites still orbiting from the 1960's and SpaceX has gotten so good at reusable rockets that its frankly become boring.

Their so-called "blue water navy" is almost entirely made up of destroyers made out of material that is resulting in their first-gen warships already becoming rust buckets (while the US Navy has destroyers decades old that are still cutting edge), and a significant amount of their ocean going ships are up-armored fishing boats with a handful of machine guns to bully fishermen. And then there is their lack of a true submarine force (I remember a State Media article where they were bragging about how their new subs had a sonar profile similar to the US Los-Angeles class. The LA's have been obsolete for almost 30 years, and the Virginia makes the LA look like a freight train) or aircraft carriers (2 obsolete Jump-Carriers with reliability issues a carrier fleet does not make). And this is before we even get into the fact that they have no naval tradition to dictate sound command of these resources, and that the Chinese Navy is officially a branch of the Chinese Army, and will therefore act in Army interest (which has worked extremely well for every other nation that has done similar things in the past /s)

Then a less talked about secret is that China being the "Worlds Factory" is coming to an end. They are just entering (and its only going to get worse) a population crunch because of the side effect of the One Child Policy, and even after it ended Chinese people still arent having kids, to the point that the average Chinese person is older than the average American. Needless to say, this has lead to rising labor cost, which has started to see US companies moving to India, Vietnam, Mexico. Anywhere but China. Helped along by the fact that many companies are getting sick and tired of China stealing their shit and then trying to sell it back to them. Hell, there is a not insignificant amount of manufacturing coming back to the US (its just going to places other than the Rust Belt, specifically to a lot of the South and Southwest).

And finally, a lot of the world is finally starting to say "Screw China" and mean it. Australia just kicked out China and has been eating a boycott from them, but the Australians just say "Bring it on." India is putting its foot down and looking into challenging them. Japan is actually upgrading their military by unprecedented amounts also on the grounds of "Screw China", and has been looking into doing more business with the US to move away from them. And a lot of nations have basically just ignored or stopped paying into Belt and Road, which is causing a cash problem in China.

The future is a lot less rosy for them than people want to say, and I really do believe they are in deep trouble for the foreseeable future.