The Chinese consumer market flirts with being larger than the American one. Per capita they spend less, but there's four times as many of them and this balances out.

I think at the immediate moment the Chinese consumer market is very slightly smaller than the USA, which makes your "by far" kinda comical to read. But in the last five years China and the USA have swapped places a couple of times for largest consumer market and projections to 2030 will have China consistently beating the USA by that point.

So smart money doesn't want to play with the bully. He's falling over.