Do economists view COVID as a form of financial warfare, or was China just in position to absorb global stimulus?

I’m not asking whether COVID itself was intentionally created or released as an act of warfare.

What I’m curious about is whether any economists interpret the economic aftermath through the lens of financial warfare or strategic advantage.

During COVID, governments around the world injected massive amounts of stimulus into consumers and financial markets. At the same time, a huge share of global manufacturing capacity including electronics, pharmaceuticals, medical equipment, industrial inputs, etc, was heavily concentrated in China.

So when stimulus driven demand surged, was China simply structurally positioned to absorb a disproportionate amount of that demand because it already dominated manufacturing capacity?

Or do some economists view the overall dynamic more strategically, where

global stimulus –> foreign export surpluses –> recycled capital into financial assets and sovereign debt markets created a reinforcing feedback loop?

Basically, is the mainstream interpretation that China benefited because that’s where production capacity existed or COVID accelerated a broader form of economic and financial power transfer through the absorbtion of global stimulus?

Genuinely curious how economists frame this.