I'm hardly a fan of China/Xi, but I do appreciate and benefit from this.
They will burn as much money as necessary to make that happen. And they have a virtually infinite amount of liquidity.
There's only 12 countries that do on the planet, the most "relevant" of them being Guatemala and Haiti.
As or the LLM topic: you can download weights of chinese models and remove any censorship and bias. Can you do so with american closed ones?