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https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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Economically, yes.
Diplomatically, China is gaining a treasure from Trump's agressive and unprincipled behaviour.
The US has been a preferred ally to cooperate with for many countries, and a safe haven for investing money for many decades - because the US was reliable, had independent courts and an independent central bank, and was considered a stable democracy despite the problems it had.
It was possible to rationally predict a US reaction to certain problems. The state seemed to have principles, and government seemed to listen to experts.
Now the choice is between a distant country unlikely to invade anywhere except its proximity (China), even if highly authoritarian - and an unstable democracy where experts are ignored and independent institutions subverted, whose foreign policy is overtly agressive and follows no principles.
...as for economy...
From an Eastern European perspective, what could the US offer to me? Microsoft, Netflix, Tesla, Starlink... all except Starlink are needless expenses, and Starlink can be replaced. What does China offer? Batteries, electric motors, combustion motors, generators, motor controllers, 3D printing eqipment, sensors, cameras, radio electronics, optics and fiber optics... the list is long. The only (and massive) downside to China is their intent of invading Taiwan - from where everyone, including China, get their most advanced processors and memory.