As for the Vatican and authority and titles, nothing China can do about that so nothing was revoked since only the Vatican can do that.
As for China itself, it went off the side of the mountain by trying to be like the States but instead of having most people working and most citizens with at least a TV, radio and computer with ability to get food like in the States, they have most population living out on isolated government land farming and living in a self made shake with no power or running water where the government can't even locate or find most of the billion people.
In other words, only a tiny few in China at the top work for the nation, pay taxes etc and the government spends like a drunken sailor and assumes loans the States has will be paid back when they never will, they continue to spend 90% of what they have on a military they soon will have but no ability to operate. Their economy is in a huge bubble and about to come crashing down hard with a Great Depression about to start in the next 24 months that will last two decades.
China is a paper tiger and nothing more. The only thing it has going for it is Hong Kong where prices will soon be up a thousand percent and no one will be buying. It's already overpriced because they rely on that area for bulk of funding. I've been there many times on business and to Mainland a couple times and went outside the City and at night, it is total darkness where the bulk of the people live thus; 100 million have electricity and fewer have TV, Radio and fewer have computers while in the States of 320 million people; 90% have computers and 99% have TV and 99.99% have at the least a battery radio. lol
Same old propaganda we used to hear about the USSR growing in huge power and overtaking us economically but the propaganda might be needed although; China will end up worse off than Russia by far.
In my business, I deal with real economic data daily in the States and most nations and during our Presidential debates and when I predicted the exact EC votes Obama would win by in April, I noticed Obama either lied or made a mistake on just one figure while Romney lied about every figure than the one Obama got wrong. The State is and has been in economic recovery. Obama took office with 700 THOUSAND jobs being lost each month and he added 700 thousand jobs a month and we have a surplus of 35k a month which is not enough by far but my Gawd, to gain 735,000 jobs a month in four years is like a miracle. The media only mentions the tiny numbers of job growth not the huge 700 thousand a month turnaround!