In the long run China will most likely prevail, in the short run they are definitely feeling the pinch. Nothing wrong with complaining about the situation.

China will almost definitely be on par or even cross the USA/Taiwan capability in chip manufacturing.

The only loser in this scenario is the US, both short & long term.

20 years ago, I wouldn't be so confident about china prevailing. But I don't think any reasonable person will bet against China.

The fall of China has been greatly exaggerated for more than a decade or so. Yet they are still here, doing mostly fine.

I don't have to agree with their political/human rights situation to marvel how far they have come and still going strong.