Almost without a doubt, so is the company that made the device you are typing on. Likewise, the chair you are sitting on. If you are standing, there is a good chance one of the articles of clothing on you are "owned by China". If you are driving today, a vast majority of the parts in your car were made in China by Chinese companies. The brakes that you depend on were made in China, as were the spark plugs which ignite the fuel (most likely not domestic) that is transferred through the gears (of Chinese origin). The energy moving the Chinese made differential being transferred to the axels and eventually the tires, made in China, to the road, perhaps financed via Chinese loans.

But yeah, buying a Volvo is what keeps the CCP in power.