In spite of the 30 year hype on China, as a potential dominant player in the world market, it's only significant export has been and still is cheap labor. Not a single leading brand product or technology has ever been developed in China. As long as China citizens are exploited by it's ruling class, it will continue to run way behind huge USA and tiny Taiwan and South Korea in global trade. The amazing emergence of Taiwan and South Korea as major global players in the world market are shining examples of the power of a capitalism based free market
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https://www.cnbc.com/2021/03/16/2-charts-show-how-much-the-world-depends-on-taiwan-for-semiconductors.html
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