They still lacking in terms of technology,
pehaps what they have now are the technology piracy scandal before
that took place in the US, some chinese descents stool some top secret technologies
from the US and pass it on, I guess everybody knows where.
What they posses now is the multitude of their population coupled with cheap labor
that is why a lot of manufacturing firms opted to make their products in china,
boosting China's Economy. It's the same Maoist style, uplifiting the country in the expense
of it's people's sacrifices and strength.