If the Chinese government continues to allocate huge amounts of money, then yes.
China has proven that it can compete with American companies, and if you follow the same path, you can achieve superiority. However, Americans will have an advantage because English is easier, there is more data for training in the USA, because IT giants are mainly located in the USA, and there is also more money.

The giants of Silicon Valley demonstrate their belief that large-scale capacity building is the key to a breakthrough in the field of AI. However, the emergence of the Chinese company Deep Seek has called this approach into question.
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About the conditions of peace
The United States has signed an agreement with Ukraine on the use of its mineral resources. These territories are already partially under Russian control. Most likely, the United States and Russia have agreed that Russia will cede these territories to the United States in exchange for guarantees of non-aggression. But the question is what to offer Ukraine for the territories currently occupied by Russia, as this effectively means the loss of sovereignty.

Most likely, Ukraine will be offered EU membership, and these are the concessions that Russia will have to make.
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Yes, a progressive tax will be introduced
Russia is short of money. For 3 months, the budget deficit is equal to the annual one. The main reason for such a budget deficit is too small revenues from the sale of hydrocarbons.

President Vladimir Putin instructed to modernize the tax system and consolidate it in a new form. He talks about it as if the choice has already been made. The tax hike will hit the Russian economy hard, as it will be easier to import than to produce. It would be better to honestly say that the money is needed for the war, and after the war we will return everything to its place.
Putin believes that society will normally accept the change of the tax system
The budget is bursting at the seams, for 2 months the budget deficit is equal to the annual one. Why this will lead to a catastrophe for the population immediately after the elections.
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So far, the United States is only preparing for war, increasing the military budget in 2024. They will not fight on 2 fronts with Russia and China.
The US strategy is to support the conflicting parties, but not to intervene in the war itself

Until the war in Ukraine ends, there will be no war with China.
The head of the CNS of the US Armed Forces admitted the possibility of a conflict with China
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