China had been the most advanced country for centuries, having lost this position during the capitalist advances in the West. This should be welcome as it returns China to its traditional position as an advanced civilization.
...where are all the great Chinese inventions? the great literature? philosophy? math? science? Aside from gun powder and a few others, it all came from the west in the last thousand years.
For some Chinese inventions: the meritocratic bureaucracy, which inspired the civil services in the UK, India and many other countries. Or the seismograph, block printing (which enabled a much higher literate population than the West in its time), their variant on paper, and tons of water-powered "appliances".
China might have been very different had the Ming not stagnated badly, and the Jurchens not invited to exploit the chaos.