While China's GPU game a still a fair bit behind, however their CPU tech is catching up.
Loongson is a great example. Using their own ISA, their LA664 based chips could match Zen 2 processors on many general purpose tasks and the next gen LA864's are looking to make another jump. Yes, they are behind but this companies chips from a decade back could barely compete with a Pentium 3. They are hungry and moving fast.