No, China is surpassing the US in industrial output and tech. China's 6th gen fighters are further along than the US's F-47, and China has far more industrial capacity. The tech is close enough that it won't make more than a marginal difference, but the industrial output absolutely will.

The US is not destroying Russia, sanctions have just pushed Russia closer to BRICS. The largest social instability, I would say, is an increasing desire to return to socialism among the populace.