This sounds very much like the missile gap/bomber gap narrative, and yeah this is quite bad news if they actually adopt the commitments pushed here.
The evidence that China is racing to AGI is quite frankly very little, and I see a very dangerous arms race that could come:
I ultimately decided to vote for the animal welfare groups, because I believe that animal welfare, in both it’s farmed and wild variants is probably one of the most robust and large problems in the world, and with the exception of groups that are the logistical/epistemic backbone of the movements (they are valuable for gathering data and making sure that the animal welfare groups can do their actions), I’ve become more skeptical that other causes were robustly net-positive, especially reducing existential risks.