by the balls. Couldn't be further from the truth.
https://www.vox.com/world-politics/2023/8/29/23845841/chinas-economy-xi-expert
China has benefitted massively from globalization which is coming to an end. That's not good for China because they are not self-sufficient for energy, food and technology (including military tech).
I know most of you come from the Sal school of posting a **** ton without saying anything of substance, but hopefully your interest in this subject will be piqued enough to read more on your own.