Aside from geography, attracting talent from all over the world is the one edge the US has a nation over countries like China. But now the US is trying to be xenophobic like China, restrict tech import/export like China but compete against 10x population and lack of similar levels of internal strife and fissures.
The world, even Europe is looking for a new country to take on a leader/superpower role. China isn't there yet, but it might get there in a few years after their next-gen fighter jets and catching up to ASML.
But, China's greatest weakness is their lack of ambition and focus on regional matters like Taiwan and south china sea, instead of winning over western europe and india.
How can they have international hegemony before they clear their regional order? China is more interested in aligning Taiwan than invading; though it’ll probably invade if it can’t align it diplomatically.
China is probably not interested in continuing the current Western-style order but to implement their own sino-stuff. At least with the CCP at the helm.
They're all over Africa and south Asia. But unlike the US/West they don't exert political influence. When they build infrastructure for example, they set up worker camps, isolated from the local population. they only employ their own imported people and clean up and leave quietly afterwards.
They're acting like good business partners, instead of a superpower wielding it's might and extending its influence. it's good for business for all involved parties for sure, and smart too. But not having strong influence means for example, the US can come in, outbid them, bail out african loans to China and they lose that source of commerce.