You have the option of either attributing these emissions to the consuming country, or to not do so and hope that it creates a trade-equilibrium as a side-effect, where each country produces within their CO2 limits.
Either way, even though China is a producer country and far from being clean or sustainable, its emissions are still way behind certain large first world countries.
We (that is North America and the heart of Europe save France) really need to make more of an effort, only if to not look like massive hypocrites when we ask China to turn green.
There is a large push towards nuclear within China right now though - with a lot of research coming out of that country as well - they might beat us to the punch anyways.
Rest assured that France is really keen on carbonising its electricity supply and closing a significant number of its nuclear plants, thus going back into the fold of its European neighbours. Stupidity knows no border.
https://www.gapminder.org/tools/#$model$markers$line$data$fi...
https://bg.copernicus.org/articles/9/3247/2012/bg-9-3247-201...