There are the obvious parallels where the US has great advanced technology, China can sure make things in mass quantities; also they have plenty of brilliant engineers and scientists and can figure out anything. Some obvous differences are the US has been where people from the world flee to, to get freedom and liberty; now we are in a serious period of retrenchment though, with certain (ahem) groups wanting to restrict the books in the library if they are idealogically unacceptable and also anti-science and anti-education etc going along with that. China is not the place you want to go to if you are going to introduce heterodoxical ideas.
There are also all the echos of the '20s and '30s in our current times in the US and the world, groups of countries pushing different ideas and coming together in blocks. We have instant communication, nukes make everything even more serious than that time. The new ascendant anti-democratic countries want their shot at power and riches too.