No, the reason you don't see many open source models coming from the rest-of-world (other than Mistral in France) is that you still need a ton of capital to do it. China can compete because the CCP used a combination of the Great Firewall and lax copyright/patent enforcement to implement protectionism for internet services, which is a unique policy (one that obviously came with massive costs too). This allowed China to develop home grown tech companies which then have the datacenters, capital and talent density to train models. Rest of world didn't do this and wasn't able to build up domestic tech industries competitive with the USA.