Listening to Guancha's last year podcast again, their views on the so-called "another Sputnik moment" are consistent with my previous views, but from the perspective of the media:
When the Sputnik moment happened, politicians and mainstream media tried to make it seem like the end of the world, but the technocrats were not so panicked, saying that the technology gap was only like 12-24 months. The politicians and media show was just a way to cooperate with the technocrats to get enough funding from Congress.
This time is different. In contrast to the so-called mysterious drone incident, what we can see is that there are no old white politicians exaggerating foriegn threats, no military "expert" congressmen urging the government to increase investment. Politicians and mainstream media are silent because they really can't understand how bad it can be. Instead, technical media such as TWZ are panicking and spamming articles like crazy, Some former or current members of the U.S. military have publicly acknowledged or discussed it, like just a few days ago the US military's 412th test wing discussed CN 6gen in a public meeting to urge members to work hard (and hintted for more fundings). All of this shows that this is not a Sputnik moment that can be shrugged off.