Currently, China is spending less than a 20th of what we are spending on AI development and data centers. Their true strength is copying what we do and reproducing it cheaper. This is not actually a strategy for getting ahead of us, only barely keeping up.
Even the most successful of the bunch Aai is still losing over a $Billion a month with no coherent and realistic long term business model for ever turning a profit. Their valuation is strictly based on wishful thinking and a very successful campaign of misinformation.
China wants to control the output of AI. “How many fingers am I holding up, Winston?”. The only answer is China’s answer.