In many senses there's hubris in the western* view of China accomplishments: most of what western companies have created has had significant contribution by Chinese scientists or manufacturing, without which those companies would have nothing. If you look at the names of AI researchers there's a strong pattern even if some are currently plying their trade in the west.
---
* I hate the term "western" because some "westeners" use it to separated what they think are "civilized" from "uncivilized", hence for them LATAM is not "western" even though everything about LATAM countries is western.
Also, isn't this the usual path to better computer science? Reducing computation needs by making better/more efficient algorithms? The whole "trillions of dollars of brute force GPU strength" proposed by Altman, Nadella, Musk et al just seems to reinforce that these are business people at heart, not engineers/computer scientists...