I was there a few months ago in Guangzhou, it was stunning to see how many EVs were on the road. You can tell too - because they have a distinctly coloured license plate.
The scale that China can achieve is just mind boggling. We went into a giant mall - 7 levels. And it was all just jewellry. A whole mall! Blew my mind. Apply that sort of scale to technological development. They can do things other countries just can't because of that scale. Here's another example of a data center they just built:
https://www.youtube.com/watch?v=eUVF8crDZ7g
I get the sense that some people are just starting to really cotton on about what China is really becoming - for example that recent review from Marques Brownlee of the Xiaomi EV.
But still - most of the narrative in the west seems to be doomerism about their demographics and real-estate over investment. We will see.
It's going to be interesting to see if China can offset its oncoming demographic challenges with their technological progress.