That’s not really a fair comparison, because “Chinese” is not a slur; it’s the preferred adjective (just like “Brazilian”).

I do think it’s a bit racist though, because it specifically exoticizes/others Chinese people/things.

I once knew a Mexican girl who went by “China” (“Chinese” in Spanish) because she was born with blonde hair, which makes no sense except that “Chinese” is used as a synonym for “weird”.