I’ve been asking myself this question quite a bit lately. People seem to suddenly think China is a good alternative to the US hegemony status. I sincerely hope I’m just misreading things.
As the US jerks from being BDFL to bullying zero summer, it’s not surprising that the abstract fears of china seem manageable compared to the new pressing fears of the US.
Why as a European be more afraid of a country that whilst you wouldn’t want to live in and which has supported Russia is quiet and selling you cheap stuff vs a country who used to be a friend who is now wanting you to grovel for a bad deal and is also supporting Russia?
If the Chinese models are open weight the after release you don't care about China at all; they could be running on a server in Bulgaria with zero CCP influence for all you care.
As an Aussie, I see it as a good thing that the US has competition. Wouldn't want China to become dominant either, though.
Consider it from a European perspective: The US under this administration is more unreliable than China. If Trump decides tomorrow that he's unhappy about something he'll pull some random other thing to bully the other side. You can't do business with that.
Rebuilding trust and foreign relationships is going to take a long time after Trump is gone.
Probably due to the US government doing a constant stream of insane things that hurt Americans and their allies and China not doing that.