> In what way has "China already won"?

The US has depleted their missile stockpile and can no longer defend anybody. Countries in the Middle East are moving away from the US and forming their own alliances. Taiwan knows that the US cannot do anything to help them. South Korea also knows. The US has weaponized the US Dollar, forcing countries out of the SWIFT system if they don't do what they are told. As a result, the CHIPS system has become the alternative. China understands better how the economy works, with the Belt and Road Initiative. The US government doesn't understand how the economy works, and is run by a bunch of complete m orons.