We're not interested in ideological battle or flamewars here, and certainly not nationalistic ones.
Edit: since you've done this repeatedly, I've banned this account.
I, however, believe that whoever wins this battle will be wealthy and powerful. Who-ever wins the race is the enemy. Not just the Chinese, but anyone who attains singularity is the enemy of the rest of humanity.
Even if that AI is open-source, unless there is a clear way for every person to have some level of control over the hardware that it runs on, the AI becomes the enemy of all people who will be disenfranchised by it.
Because, so far in human history, individual rights-based political formulations are the only ones that prevent arbitrary atrocities from being perpetrated on citizens. Yes, American corporatism is brutal. American corporatism bounded by American democracy, imperfect as it is, is still vast leagues better (read: safer for global population) than nationalist authoritarian dictatorship. No matter how technocratically efficient that dictatorship has been in recent decades.
In short, if you're worried about singularities, aren't you worried about the priorities and command structure of the entities most likely to achieve it? About what options they consider to be "on the table"?