The ISS collaborators have banned Chinese astronauts. The system is a dictatorship, Xi Jinping has a bigger personality course than Mao. The real estate industry is a mess, mostly because of corruption. "Tofu" projects are rampant. The High Speed rail is too expensive and has the same "Tofu" construction problem (=corruption).
Corruption is still a major problem and there is no signs it has gotten better. African Swine Flu as an example can't be contained because that would need unbribeable enforcement. No-Covid only works (in the enforcement sense) because of draconian penalties. Cronyism is an epidemic disease in itself, you can't advance in China, no matter your qualifications, if you aren't highly connected, and most aren't.
Yes, I'm speaking in broad terms. But I did predict a glass ceiling years ago, because the lack of openness means terrible risk management and sophisticated risk management is crucial for sustained exponential. It has finally happened, growth in China shrank after Covid and the recovery is worse than in the rest of the world.
If you need a reason not to trust China look at what happened to Hong Kong with all the promises made by CCP leadership. Look at the CCP attempts to shape policy, including in western universities. Look at the genocide against the Uyghurs. Look at the issue of organ harvesting, which is partly propaganda and partly the CCP itself hinders any attempts to actually disprove the allegations with their lack of transparency. I am forced to consider the CCP as evil-doers in the same order of magnitude as Nazi Germany. And that is before they try and retake Taiwan, which will be an unbelievably bloody business.