I think this is just the tip of the iceberg. Being an emergent economy, China will soonly (max 10 years) become the worlds strongest economy, overtaking others by a lot. Hell, i'd put a bet and say it will be 1.5x the US economy in a few years
China is doing well overall but you're forgetting about the millions of people that are starving on the streets, not to mention that freedom is nonexistent there.