Based on the number of Chinese supercomputers in the public top500 list I don't see any effectiveness to it.
The next requires three times the power and 3 times the cores to produce 60% of the number two supercomputer.
Seems like it's a case of "increase operational friction".
For the same perfomance, a Western supercomputer probably fills a room, and a Chinese one the whole datacenter.
Add to that, that the physical distance plays a big role in lantencies, and China may be able to do supercomputer, but it is probably very expensive and inefficient for them.
I have never operated or seen a supercomputer, so all of this is speculation on my part.