I am reading "Chips Wars" and it paints a different view on topic. Both sides include massive subsidies from govs and American side uses tarrifs and bans of export of the goodies. China struggles massively because of the dolar dominance but they are trying.

Something had to change in this case, maybe they have finally figured it out that you can't stop foss and mostly everyone benefits instead of zero sum games they've been playing for decades.