Not OP, but IMO the Chinese are waging economic warfare by "commodifying the competition". US VC's and equity are massively invested in AI being very very profitable and as soon as it's not that becomes garbage debt on a balance sheet, and a lot of it. When money is invested it's expected to make a return. When a few people make bad investments they lose their bag, when many many people all make the same bad investment, you get a nasty recession. When the US goes into recession China is more emboldened to pursue their agenda because policy makers are distracted by shoring up support at home and not as interested in expanding their power abroad.