No. They've earned it over the last 70 years.
China is making strategic practices of lying and cheating on every level, from small biz to strategic military issues, and they are vertically integrating all of it.
At the small biz level, it is well known among anyone that if you let any IP visible to a Chinese partner, you should have the full expectation that it will be in your competitor's hands within hours, and you can expect to see your products being sold out the back door.
At the larger biz level, it is a standard practice to demand that key IP is turned over to required Chinese 'partners' as a condition of doing business in the country.
Backdoors have been engineered into both consumer and military hardware.
China has been hacking everything from the US Office of Personnel Mgt (stealing info on every USG employee, including highly classified info on intel agents, & info on everyone that could be used to compromise them), to major and minor companies, to private citizens.
China is continually and as a matter of policy expanding into and encroaching upon its neighbors from Tibet in the 1950s to the '9-dashed-line' in pacific waters today.
I know many perfectly honorable Chinese people, and there are probably more of them than the entire population of the US. But, to regard official or business China as anything better than anything but a thief who will stab you in the back at the first opportunity is to be a fool.
We in the west thought that we were exploiting China's cheap labor. Meanwhile, China was exploiting our myopic weakness for short term profits to seek massive strategic business and military advantage. This will go down in history as one of the greatest geopolitical blunders of all time.