[zamadatix]

Not necessarily. That would imply competing with the multinational incumbents during the first trillion dollars of investment is just as easy and profitable as having the market cleared out for you because the US placed tech export bans, caps, or pricing pressures to parts of the world market (not just China alone).

Of course this doesn't automatically mean China wouldn't eventually pull ahead without the external pressure either. I'm just not as convinced it was so clearly a forced opportunity cost loss as much as something which provided a washed mix of both friction and acceleration despite assuredly preventing the US from making more money while its tech was farther ahead.