I mean, good? At least in the long term. This should be a red flag on how reliant on totalitarian regimes we are. We should not go with China just because it's easier at the moment.
Why not just do both? We don't even have to stop there - we could stop the Uyghur genocide, free Tibet, leave Taiwan alone, and stop the bullshit in the Spratley Islands while we're at it.
Oh - tankie logic - I'll get the finger paint.
Ready? I'll take it slow - It's bad to do some things - like genocide or ending democracy - and those things are bad whether you're the US, China, or a bootlicking dipshit that's incapable of defining communism when handed a dictionary.
Simple stuff.
Edit: holy fuck I was not wrong on the tankie piece - their most recent comment was a massive rant about Tiananmen square.
Chinese industry is generally heavily subsidised, while European competition rules affect domestic industry and importation to the EU isn't tariffed as needed to balance location advantages of Chinese subsidies.