Yes and no. It depends on who's making the assessment:
China’s hybrid “state capitalist” system, driven by centralized planning and fierce competition, has led to dominance in critical technological fields and emerging markets. Western multinational corporations are advised to adopt a pragmatic approach to capitalize on four key strengths of China’s...
hbr.org
This week’s disappointing Chinese GDP numbers showed that Chinese economic growth has slowed to 4.75 percent from the very rapid annual economic growth rate during the 2010s. It should be viewed as confirmation that China's economic growth model is now well past its sell-by date.
www.aei.org
American Enterprise Institute is the right wing assessment.
The Diplomat gives high marks to Biden's approach, and the success he's had in curbing Xi's worst tendencies.
Rhetorically, the two presidential candidates hit many of the same notes. But in practice they have approached competition with China very differently.
thediplomat.com
Republicans continue to allow the Chinese to run away with green manufacturing. China now has 40% of the world market for climate change technology, while American Republicans deny the existence of man made climate change.
Big Oil has now convinced Republicans that conversion to green energy is a waste of money and won't help the situation. How do they think Elon Musk got to be the richest man on the planet? By designing and selling clean energy systems.
Why are Americans not wanting in on this???