We've heard that about Japan in the 80s and the Soviet Union a couple of decades earlier. While China is a mighty competitor, they also have structural problems they don't hesitate to sweep under the rug.
The jury is out there about whether China can take a meaningful lead in any major technological field the US and Europe are actively invested in.
The jury is out there about whether China can take a meaningful lead in any major technological field the US and Europe are actively invested in.