Hinounou and Lemochain are some of the practical examples of chinese projects that are pioneering in this landscape. I believe China is already winning undoubtedly.
AI and blockchain are so advanced in China that they are already being implemented in their business models. Not just in theory on in some lab! Hinounou has already partnered with the world's leading insurance agency AXA to provide China's first affordable insurance packet and from what I read yesterday they already "invaded" Poland.