Making their own DRAM, GPUs and CPUs. Making their own EUV lithography machines. Leading the world in solar panel manufacture and deployment. Competing with the western EV market, in the west. Owning a part of just about every supply chain in manufacturing of just about every product.
It's easy to think that this is a deliberate strategy to undermine the US and the western hemisphere and position themselves to be the next world superpower, but it could also be explained just by the slow and continual collapse of capitalism causing everyone else to fall behind.