What the U.S. has had over the Chinese so far is talent: the U.S. has imported the best/most talent in the world for decades. But talent follows capital and the Chinese have decided to throw everything into the ring. China's latest 5-year plan has dumped a ton of capital into Chinese research and innovation, prompted chiefly by the U.S.-led Anglo-Saxon sabotage that convinced their "vassal states"
to stop chips getting to the Chinese and such. It's being rolled out immediately and will be @ maximum gear in 2025. IOW, every advantage they've had is being wiped out vis-a-vis China,
and fast.
The last thing the West will have is their control of narrative (and the globe's reserve currency), hence why only people who stick chiefly with Western media don't know how things be unfolding -esp 'Native English' media (US/UK/Canada/Australia/New Zealand). At least if you watch European news you'll get a bit more balance in the picture of the world, even though still heavily slanted Westward. France 24 and others have been a bit better in reporting than their Anglican brethren.