They're broke, thanks to their real-estate Ponzi scheme that's exploding right now. They even have popular unrest to deal with that's bad enough that it's constraining what their gov can do, both domestically and internationally.
We're in weakened condition, thanks to Huffing-Puffing Joe, but nothing like the current Sino nightmare.
Um, so who is running budget deficits of Trillions of dollars every single year and has feral debts of over $32 Trillion even without adding in social security?
Answer : The United States Federal Government.
And we still owe the Chinese over $1 Trillion in US government bonds that they bought some years ago.