Is it because people don't understand that actual evil exists outside of movies? That there are extreamly powerful people in the world that will throw babies into fires because they believe in occult entities? This is not imaginary.
We live in a world where very evil people exist in high places, but also a world where many more good people exist, but usually not in as powerful positions.
What did China win so far? Paranoia of the rest of the world and an acute realization of most Western nations that they need to rethink their alliances (see the recent AUKUS story) and their supply chains.
The only active malice scenario I could find plausible would be "a single person or a small cult such as Aum Shinrikyo decided to unleash horror on the world". But in the real world, accidents outnumber crimes by orders of magnitude.