China (or at least the CCP, I find the equivocation of the CCP with the country disagreeable) has had the desire or even need to get revenge for their "century of humiliation" for a long time.
They have a fundamentally different government and social model, basically a one person dictatorship that feels the need to micromanage and control their populace.
They absolutely love seeing democracy and businesses associated with it fail because it reinforces their perspective of the CCP model being superior and thus strengthens their perceived legitimacy (or even inevitability) of CCP control over China.
A rivalry, wanting to score points, wanting to gain standing at the expense of another, are all things that do not have much to do with wanting your opponent to collapse
China (or at least the CCP, I find the equivocation of the CCP with the country disagreeable) has had the desire or even need to get revenge for their "century of humiliation" for a long time.
They have a fundamentally different government and social model, basically a one person dictatorship that feels the need to micromanage and control their populace.
They absolutely love seeing democracy and businesses associated with it fail because it reinforces their perspective of the CCP model being superior and thus strengthens their perceived legitimacy (or even inevitability) of CCP control over China.
A rivalry, wanting to score points, wanting to gain standing at the expense of another, are all things that do not have much to do with wanting your opponent to collapse