No... Remember that thread where white people were complaining about the "Shit White Girls Say" video being racist, and I had to explain that it's not racist because it's making fun of stereotypes in good fun? The PC crowd can't distinguish between racism and satire. I can, and this isn't satire in any way, it's just crudely denigrating Asians of all ethnicities and nationalities in a political attack ad. The very purpose is to direct anger toward the Chinese people, rather than the corporations outsourcing and the Chinese government that keeps working conditions bad. It may be that this guy just didn't think it through, but that doesn't make it any less racist.
If you have Asperger's or just don't have a sense of humor, here's an easy litmus test to tell whether something is actually satire or just a racist (or classist, or xenophobic) attack: Are the people being made fun of laughing along?
Working class white people laugh when Jeff Foxworthy tells jokes about them, black people laugh when Chris Rock tells jokes about them, Asians laugh when Margaret Cho tells jokes about them, Latinos laugh when George Lopez tells jokes about them, and rich white people laugh when Dave Chappelle tells jokes about them. I can't see anybody laughing at this crude caricature of a Chinese person.