Folks can keep their heads in the sand for pretty long, as long as they look just at progressively smaller circle around them and ignore rest of reality.

The momentum China already gained, and gaining more every day is well beyond anything in the west. Plus if you consider the position they are rising from, its properly meteoric. Nobody knows future, but its rather easy to continue projection with current, or even a bit slower pace and within 1 or 2 decades, situation will be pretty clear from any objective perspective.

Above is purely technological/process progress. Add US making enemy of whole world in one brilliant move, something that is practically irreversible in upcoming decades, and situation is clear. Military (without ammo) alone won't give you much negotiating power. LLMs can be replicated elsewhere with rather little cost, and soon some small bleeding edge advantage will be largely meaningless for most practical tasks.

It doesn't even matter what near future brings, this is settled and no amount of denial from US or self-patting is changing that.