Most of the talent that flows into China is Chinese, their biggest challenge has always been keeping talent flowing out of China rather than attracting talent in. I don’t think any of these new AI efforts include non-Chinese principals, while western efforts almost certainly include more than a few.
It's not really about AI, it's about silicon. America sized down and dismantled the domestic silicon factories to the point where Biden had to star an initiative in early 2023 to get them back.
I think the plan was to have it built by 2027, but who knows now. Meanwhile, Trump called the CHIPS act "ridiculous" (very optimistic future, clearly) and just imposed tariffs on Taiwan.