So, it's 0.8m and not 1m. 0.5 is now so close. I wonder which company is making the lens. China manufactures many consumer products and I have not heard of high quality camera lens on the level of Canon or Nikon.
China has several national institutes dedicated to researching and manufacturing space grade optics.
This is different from consumer grade optics.
The former needs only a very small number to be produced, quality can be carefully managed, time duration allowed for production is much longer, and cost/profit for such optics is not much a concern.
However, for consumer cameras/camcorders, you need mass production, high level of quality control of individual and final products, very tight production schedules, and profit is the only concern.
In short, China is able to produce highly sophisticated optics but is currently unable to produce them at such scale and consistent quality at even lower cost than Nikon and Canon that there's a chance to profit.
After all, even Americans do not have camera producers on par with Nikon/Canon, right? But that doesn't mean America does not have high resolution satellites.