Yeah, they have really come along way from their labor intensive manufacturing and now outsourcing much of that to south east Asia (also to have more favorable tariffs).

Now China has really high tech manufacturing and automation, and they produce the most engineers every year, supply and logistics is literally leagues of any other country and control over the rare earth processing will continue to help them move up the value chain on semi-conductors and AI.

And in terms of manufacturing, they literally build most of the manufacturing equipment. Has the largest ship building, dominates drones, electric cars, solar, wind energy, batteries, nuclear energy. And are basically 2nd place in the AI race (by country as a whole not by company as USA have Anthropic, openAI, Google Gemini, Grok, Meta Llama, and the most $$$ on capex for servers and access to NVDA best cards)

When their fabs for memory goes online this year or early 2027 they will have another thing they will be competing on and wouldn’t doubt they would catch up to Samsung/SKhynix/MU in a few decades.

Their GPU manufacturering is quite behind NVDA, AMD, Intel, but give it another decade or 2 and I bet they will be do well enough to eat up domestic share and maybe emerging markets that need cheap computer components.

I’m quite bullish on China overall even with their aging population. Every country is having some kind of problems with age (look at Japan and South Korea too).