No it's isn't. And this will not be good for the world. The reason being that being a sleeping friendly giant is much better for your long term survival than being an asshole looking to assert themselves. Especially in a world in which other people exist to challenge you, and you are challenging them. Because then they will conspire against you and try to wear you down.
The only reason the US has been able to get away with being the world's asshole since WWII is that it has not really had any real competition in that field. It's just been going around fucking over countries that could not defend themselves. We don't need leaders like these in the world. We need leaders that focus on commerce and leave everything else to individuals and smaller groups to decide.
Also the Communist Party of China is in no way representative of the people of China. You need democracy for that. These are basically fascist totalitarians that have succeeded. And sure the Chinese may be behind them right now, but these sort of regimes sooner or later start causing misery of their own people. Let's see how it is before that happens.