I would not bet against China. All the R&D done in US and Europe could be done also in China, but R&D takes time.

Lot technological development in China in the last two decades was result of US and European companies outsourcing manufacturing to China and most importantly, sharing know-how with Chinese companies.

I recommend the book "How China Captured Apple" by Patrick McGee

https://www.thewirechina.com/2025/05/25/patrick-mcgee-on-how...

This outsourcing development path for jet engines in China is not possible because ITAR.