On an optimistic note, I am not convinced that China is going to win any cultural wars. America, for all its problems, still is essentially a leader for much of the developing world, at least in terms of culture. People watch American shows, know American celebrities, listen to American music, etc. This is facilitated by the fact that these cultural elements are pretty diverse and are open to immigrants. As in, a guy…
Judging by the race turmoil in the West, being an ethnostate is the only sane thing to do. China's taking care of China and the Chinese, while the West are busy repenting for the crimes that happened hundreds of years ago. And as you've noticed yourself, China's happy to manipulate Hollywood into publishing what they want, no need to create their own.
Also in terms of Chinese culture the very racially mixed Singapore does rather better in most respects than China.