I'm not speculating. I read tea leaves. Chinese by preference.
Excellent points.
I attended the 1st JCCT held in Beijing in May 1983. As adjunct to this meeting I participated in an evaluation of China's MIC. We were given unfettered access to any and all manufacturing facilities, labs, University Campus' and etc that we wanted to visit. A group of 12 of us trooped across China for two months and saw some incredible things. In summary, in 1983 the state of their manufacturing and lab were primitive to say the least. Their "Long March" missile and launch facilities were pathetic, think the first five launch attempts did not even get off of the pad. As a group we all laughed at their series of 5 Year plans to become World Class suppliers of commerical goods, two focus sectors in particular were micro-electronics and shipbuilding. The results are history. One example: their LNG shipbuilding program is now 1st or 2nd in the world, according to some.
Over two thousand years ago China built a marvelous military command and control system, known to westerners as the "Great Wall of China". Most think it was a wall built out keep out invaders, somewhat, but it was actually a highway, wide enought for chariots/troops to move throughpout the very rugged terrain. A series of watch towers served as communications towers providing near instant alerts to be sent up and down the entire length. Defending forces could move and be controlled easily, a significant advantage over the invaders that had to contend with the rugged mountains.
China has severe domestic problems, as pointed out to me, they have one BILLION more citizens than we do, mouths to feed. They take a very long view. It will take them a very long time to "catch up" to our economic or military strength. But that have came a long long way in the last 24 years.