It does make a practical difference. It is better to be spied on by the weakest power. That is probably still China if we blindly guess that their GDP is overstated and note that their military is less adventurous than the US.
In the Middle East, Eastern Europe and maybe Africa there is actually a good chance that the US spying will be used to overthrow your government or literally build an invasion plan. I have no idea how active they are in South America but I assume the sausage making process is ugly there too. I don't think China has been accused of doing either yet although I assume it is going to get started on government-toppling sooner or later.
India would be in a tough spot though. They should probably figure out how to produce telecoms gear through native companies if they haven't already.