It's a problem, but given their pop, they can sustain more corruption and fraud than anyone else. They can sustain 4x our fraud and be even, given their production.
I think the NYT and others keep clawing at China simply because China has an agenda which diverges from the globalist vision of the NYT. They care for themselves and will do it by themselves by their own philosophy which happens to be less introspective. This means that while it can bring great value to Chinese, they may not feel like redistributing their largesse in any way with the rest of the world.