I hope YC will help Chinese startups become global. My biggest problem with Silicon Valley is its ideological uniformity and the increasing willingness to use their companies/products as vehicles to push their ideologies.
China would be in an excellent position to address the part of the Western market that is increasingly alienated by this push. They can build SV tech clones for the local market, and then expand to the global market by offering ideologically more neutral (from Western perspective) alternatives to SV tech.
Chinese startups will have their own flaws, but at least we will have a choice.