Seems to me China will end up dominating Internet of Things with Huawei's Harmony OS.
IOT is a very promising sector for China.
1. the sensor chips require mostly skill in analog design, chemistry and physics, which is China's strongsuit. it doesn't require weak areas like EUV lithography or EDA.
2. many domestic natively IOT enabled microcontrollers are already in widespread use i.e. ESP32
3. the real value though comes from value added to both enterprises and government. a major issue with planned economies in the past was there was not enough data for planners to make accurate decisions, and despite the inherent inefficiencies of monopolies and rent seeking profiteers, the lack of data was difficult to overcome. now both enterprise and government have the data to make good decisions and plans.
IOT gives you more data than you know what to do with. Both technologically and ideologically, IOT is a field that is uniquely suited for China.