The idea that US is locked in a bi-directional ASI race with China does not reflect the policy-making reality. The ASI race is mostly an unilateral framing by the US state-corporate cluster, while China is mostly interested in widespread diffusion of cheap models and integration into embodied AI infrastructure for industrial productivity and social work (which of course drives compute scaling, but for different purposes than LLM training). Have a look at recent major Chinese policy documents, including 十五五规划 and documents of technical committees at MIIT.