US is afraid of competition that is why they used ban. Just like space station ban but it is a matter of time the space station technology is in China hand. Banning Huawei is good for China in another few years China will again catch up or superceed the technology. Just like 5G.LOL If the US is poor then i don't think any country out here can claim to be rich. lol Dude US is still a world leader in almost every major field. moreover that leadership is mostly due to its vibrant private sector/entrepreneurs not the government. You claiming the US is a failure is ridiculous and even laughable. It's like the Indians claiming your country is a failure. lol
The fact that huawei(one of china's most advanced company) had to curtail or almost seize most of its overseas business in mobile sector due to US putting some sanctions on them should tell alot. moreover this is mostly possible due to US private companies not the state. Since it's US private companies technology Huawei like many Chinese mobile companies are relying on(Google's android, apple, intel, Qualcomm, microsoft, skyworks, Nvidia etc etc i can go on and on). without US vibrant innovative private sector, there will be no powerful US as we know today. The US government won't be able to dictate terms to other countries without the innovative/vibrant private sector who leads the world and dominates in the world's tech industry. This has influence/impact on every single country on earth.
American private industry has been the trend setter which the world has been following. This shows that a strong vibrant private industry is a necessity for any ,major power that wants to establish themselves and be competitive worldwide. Yes for that you need not only a vibrant private sector but also big powerful private champions. Since without some sort large economies of scale, its difficult for a small private company to be able to keep up with its competitors who are much larger/powerful and can afford to invest huge sums of capital for R&D. Your aliba/tencent, bytedance etc cant withstand competition per se(especially globally) if they are small in scale and not powerful. Since other far more larger private companies would have put them out of business. Same with Samsung from south Korea who is now dominant worldwide(its also due to their scale/power). So if for you having powerful huge private champion is viewed more as a threat to the party, then it's better to adopt a policy of limiting the growth/scale of your private companies and the government should mandate that or favour its state owned companies to take over those sectors and see let's see how it plays out
The whole world knows US is playing cheat when it cannot compete. US used to preach free trade 30 to 40 years ago. However today they close their doors and anti competition.
US debt is super high not sure how the next generation is going to settle this. Printing money is not a long term solution. And using military might to suppress the other is also not a solution unless it want to be destroyed all together. So time bomb is ticking.
These companies worth is all imaginary to keep the wall street up. They will come the bubble.
The US government is the poorest in the world with all the debt. Taxing the poor and middle class but not the rich is the biggest problem in US. And the wall street imaginary wealth, let see if this system can survive. The world is watching how it is going to evolve.
You are incorrect saying US is leading in every field. They are not that is why they are starting to feel insecure and started sanctioning countries and having trade war. It is not a US that the world recognized before.
I am not Chinese but Malaysian. As a neutral party we see US is playing dirty tricks as it is getting weak. Just like when in 80s when Japan is growing, the US push them down because or insecurity. If US is so great why it needs to do that. For example US automobile is not leading. The German and Japanese car far better and ahead.
The only field left for the US to brag about for now is software and computing. We used to watch US made TV long time ago. And now can you find any US made TV? US new patents is also not number 1 anymore meaning less innovation is coming out from the US. The US is not the number one as claimed by you. Only I see software and computing to certain extend for now. Heavy machinery German still the best. Camera is Japanese. Electric car is China. US economy depends a lot on the weapon industry that is why it always look for weaker country to attack. Basically it is evil and selfish. There is no more holistic approach that once US had given to the world after WW2 by giving countries independent from the British. US is not a god country anymore that is why it declining by the days. Let see.