They're very good at it. We have plenty of data to tell. In the industrial sectors that I watch (test equipment, industrial machinery), China has been climbing

They're very good at it. We have plenty of data to tell. In the industrial sectors that I watch (test equipment, industrial machinery), China has been climbing the ladder at a startling rate, from "outsourced labor" to "copycat" to "bottom tier" to "mid tier" in the last decade. They're now gunning for high tier equipment, and they show every indication of getting there in the next few years.