Not remotely possible given google's close ties with the US military and surveillance systems, as well as vertical integration.
But let's pretend they're identical, as a thought experiment:
I would rather have two Googles forced to compete with each other than one monopoly
And as a US consumer I'm much safer having my personal data harvested by a Chinese Google than a US Google. The latter is fully integrated with advertizers and surveillance that have actual legal and economic power over me.