China won’t win the AI race but would it be much worse if it did?

It seems to me accepted wisdom in the West that the US owned labs must “beat” the Chinese labs in the race for AGI/ASI. Even those who don’t think there will be a winner, that essentially the race is to see which country’s AI will kill/disempower us first, seem to believe that if there has to be a winner then better it be the US labs. (I haven't seen a survey, so I could be way off here.) For those in power and those heavily financially invested in the labs this of