There may be no more important question for the West’s competitive position in advanced industries than whether China is becoming a rival innovator. While the evidence suggests it hasn’t yet taken the overall lead, it has pulled ahead in certain areas, and in many others Chinese firms will likely equal or surpass Western firms within a decade or so.
Summary is very significantly understated. China is very far ahead in robotics, and AI is at least on par. Manufacturing and construction being far ahead makes everything important far ahead. Military production capacity and “military tech value”, where quantity is quality, has China far ahead.
From summary, this is denial meant to spur more government investment in a competition that is already lost using a corrupt US oligarchist model of privatized profit enhancement without any concern for produced value.