Is that flying Chinese dragon real?

Not real. A recreation of dragon-like flying birds or the fictional representation of the real but distinct flying dragons viewed by the earliest human ancestors. Big bats perhaps. It also symbolized imperial power. It is therefore an epitome of the obsolescent totalitarianism.  During the dim and distant past, there were legends depicting dragon slayers. Those were times when the rebellious bravery had not been thoroughly castrated. If you visit some historical sites in China, pay attention to the murals and fresco and you may see some pictures like that.