The Chinese government is not "trying anything" regarding its own economy, regarding USA.
They do not care about you, except as customers.
If your "technical companies" are not able to do any research and development - your problem. Blaming China is just idiotic.
Who exactly made you not being able to do G5 chips? Oh, Apple could make its "Apple Silicon" ... why is intel faltering? Oh .. because Intel did not get it.
What about electric cars? You simply can not even make them. What the fark has China to do with the fact that except Tesla no American company can make EVs? And was absolutely against making them until recently?
Soon we have electric planes ... Chinas fault.
What was the damn reason you can not make batteries? Oh, because of {$REASON}
Raw earth metals? You do not mine them, because of what? Oh very very very very simple: you fucking capitalist morons thought: let's some third world country set up the factories, then we manipulate the market so they go bankrupt - ta ta ta ta - and then we buy them for peanuts.
Stupid gamble.
Even Germany produces its fair share of raw earth materials ... and you can't. But blame another country.
Everything you can not do in your own country: is your own countries fault. Not someone else fault.
In computer games it is called "meta gaming", playing "above" the rules of the game. Instead of playing the game. You Americans failed at meta gaming. Should simply have played the game last 40 - 50 years.
There is no farking objective reason that you have no competing industries anymore, except: MONEY.