Looking at the top 3 exports of China (by a wide margin before anything else):
Electrical, electronic equipment $1016.58B
Machinery, nuclear reactors, boilers $603.82B
Vehicles other than railway, tramway $248.31B
That’s all high price stuff.
Combined with its huge trade surplus, this is a classical “Buy cheap resources - sell expensive highly processed commodities back” scheme, the same as e.g. the uprising European industrializing nations employed as a strategy during their colony exploiting times (and to some degree still do in a similar fashion as China).
No, there is nothing equal here.