China: 1.3 billion people.
Japan: 377k sqkm.
China: 9.56 million sqkm.
China is following exactly the same path as South Korea or Japan, but it's a huge country, not a medium sized one.
Somehow I doubt China will stop at regional power level, considering all its resources pretty much guarantee it being #1 in the world, by far, if they're managed by a half-decent government.
And nota bene, China has such a huge scale that it doesn't need to be fully democratic and fully developed to still be #1 by far. If the average Chinese citizen will produce half or one third of what the average US citizen does, the Chinese economy will still dwarf the US one, due to sheer population sizes.
On the other side, China is also raising its first generations of people born in middle class, who are starting to expect social government. From health care to the environment, to safe and comfortable jobs. We will have to see if those things will burden China as they burden Japan, the EU and the US.
China's population size is a game changer. If they manage to get most their people well-educated and contributing on the competitive stage, it's like comparing a GPU to a CPU. China has more honor students than the USA has students. At some point that starts to make a very real difference.
In the geopolitical space, it's not clear the analogy is on-point either. China can move quickly in some areas (e.g., staff up 100,000 manufacturing hands in a week), but it'll be much slower to adapt to foreign cultures and standards of civil liberties that are the norm in most western countries. For example, it's hard to imagine them developing a messaging app, or image analysis app that would convince U.S. users to trust and use.
It's not like China has been signaling a lack of interest in this area, quite the opposite.
The USA is going to increasingly interfere in China's progress through other means, like crippling the economy, effectively starving the GPU of amps. If it doesn't, things are going to get interesting real quick.
>>There is just no way to compete.
We used to think the same about Japan. Japan reigned supreme in consumer electronics, motor cycles, cars ,and was taking large chunks of the mainframe market. It was 'obvious' then that Japan would take over the computer industry, in particularly with its statist
https://en.wikipedia.org/wiki/Fifth_generation_computer
Just because we can't see now who will compete with China, doesn't mean nobody will.