Have you considered that the meme might have different impact coming from a Chinese person ribbing their leader than a white westerner echoing it? The former might be “light ribbing” but the later is racist. Who says a thing matters significantly on whether its ok to say. You know this very well because I’d hope you’d know that its not ok for white people to use the soft r n word even though many black people use it.
Oh, really? Comparing an Chinese man to a yellow skinned character has nothing to do with race?