This is very true, but:

- very little of this has ever extended outside Chinese borders, apart from the extraterritorial policing of Chinese nationals; they've not "gone global" in the way the US did

- the current US faction is also trying to work towards an ethnostate, and has turned hard against non-USians and increasingly against non-white US nationals: https://edition.cnn.com/2024/05/01/politics/trump-immigratio...

As a Brit:

"it so happens that I was born not [American] and have no ancestry in [America], and the preponderance of evidence over the last few decades shows that the result of this, is that [American billionaires] will pretty much never "share the wealth" with me in any meaningful form." Moreover, American and Russian billionaires have shown substantial interest in making the politics of my home country much worse.