This is correct. This is also how we beat China. Right now, our QOL is objectively better. Literally advertise living in the USA to China's upper-middle class, and 1 million+/year move here. Once they start losing their new consumer base, China might start to change some of their ways.
There's absolutely no need to do any advertising. Virtually everyone in China with any significant amount of wealth is buying real estate in the U.S., or Canada, Australia, or other western countries. So many, in fact, that many governments have restricted real estate sales to foreigners. And yes, these buyers include Politburo members, including the family of Xi Jinping himself.
And believe me, many of these Chinese nouveau riche, who obtained their wealth through less than decent ways, are people these countries are better off without.