China is decreasing the cost of energy by manufacturing clean energy, battery storage, and EVs at scale. China builds new coal plants as peakers, but is also installing as much new clean energy in a year as most countries have built ever. No need to blame them for the laziness and incompetence of the supposed developed world.
If you don’t buy solar and batteries (the cheapest source of new power in ~97% of the world as of this comment), yes, your energy will cost more than China’s. Make better policy choices?