Have both enormously good experience: Geely / BYD and burned the paws: Alibaba I have learned: never trust a country that is built on the foundation of communism and has a party instead of an official dictator. China first, not foreign investors first.
After all the problems of the last few years, China may have the potential to outperform, but just as Xi Jinping did not follow through with the zero-covide policy, he cannot put the brakes on his own techs in the long term. On the one hand, China has been an important sales market for Western companies and a major growth driver in recent years, and on the other hand, it is impossible to imagine the supply chains without it... so there is no way around it anyway. What speaks against building up a position here?
There are actually good companies in China that are listed on the stock exchange. In my view, however, China is not a good investment, as even the state does not really want foreign investors to be there. In addition, China's politics are not stable, so the country can fall quickly in terms of the economy.