In fact, a higher percentage of their total energy is met by renewables than for the US. They have 3x the capacity of the US while their per person energy usage and emissions are still significantly lower than US.
Let's not pretend China does nothing.
https://www.weforum.org/agenda/2022/02/ranked-10-countries-e...
https://ourworldindata.org/grapher/primary-energy-renewables
We have already done it multiple times. Does really no one remember the refrigerator gases, the CFCs?
The same economic doomsday arguments were made at the time, without them food production would suffer globally, and it won't matter anyway since it is a global problem and what about all the countries that will keep using them?
The onus on making a similar argument with greenhouse gases today would be on the ones saying it's impossible this time. The greenhouse situation may be so much more complex but the economic arguments are the same. We know how to solve them, by trade agreements and international tariffs.
One of the principles of negotiation is showing goodwill, so let's all just start by doing our part, and then the international community can have a strong negotiating position with defectors. Being a defector ourselves doesn't help! (I prefer to suffer while striving for a good, than suffer slightly less knowing I'm part of the problem)
The sort answer is: It’s really not an excuse for us not doing anything.
Like with everything, the problem isn't a lack of practical solutions, it is a lack of willpower to pay the short term polical / economic costs needed to avoid massive long term harm.