I think we can discuss this new propulsion system and its implications without emotive political bickering. Thanks to those who have posted detailed information with sources.
At first glance this technology seems similar to Rolls-Royce 'Permanent Magnet Thrusters'
The technology itself is not necessarily new, and the UK and US have both considered or are planning to apply this tech on their future SSBN classes like Dreadnought and Columbia. And both nations of course have developed and in service ships with electric drive as well which uses similar technology.
The question is not about whether the technology is new but how far China is along compared to the rest of the world and in terms of application. Eg. I would be quite impressed if 09V and 09VI emerge in the next few years and field electric drive and shaftless drive before the Dreadnought and Columbia classes do.