I agree with what you are saying on the informational side.
There is one major difference between PLA watching and semi watching on the other hand. For PLA watching, you tend to hope that China's best weapons are never actually forced to be used at the highest level. The J-20 is a great fighter, but I don't actually want to ever see it in a dogfight against an F-35. Why? Because that would mean China was at war with the US, which would be (IMO) a disaster. Similarly, I would never want to actually see the performance of China's hypersonic nuclear capable missiles tested in combat. These weapons do have a use, but IMO it's primarily in deterrence. It's to say: Don't mess with us because we have these weapons.
Semis on the the other hand, have a testing ground every single day: the marketplace. If you really say you have a great product, then there is a very easy acid test which is to put it out there on the market and see if anyone will buy it.
Also, I should note that it is generally underappreciated how big of a gap there is between a commercially competitive product vs. one that hits a certain node level but isn't competitive. At the latter, as the video pointed out, China has already achieved 7nm production in 2018. So the entire gap between 90nm+ and 7nm is commercialization. I feel this leads to a lot of confusion. People will say stuff like, "China can build a space station so why can't we build a lithography machine?" (Ignoring the fact that China's space station is designed to have similar parameters as the Mir space station which the Soviet Union build in the mid-1980s, and no one said Gorbachev-era USSR was a semiconductor power at the time, let alone would it be today. But that is a digression.) China's space program, like its military program, is not subject to competitive testing. You either get into space or you don't, but you don't have to be more cost effective, more efficient, and better performing than SpaceX, NASA or Roscosmos launches. There is no competition. You either achieve X or you don't. If you achieve X it's a success. But in semiconductors the issue isn't just achieving X, it's achieving X in the most efficient way, which is far, far, far harder than just achieving X. That is the difference between China's space program and its semiconductor/aviation programs. Another way to think of it is to think of a 28nm lithography machine like a car that can travel 100 miles. You can build a Model T Ford from 1914 and with a few refueling stops, say "I built a car that can travel 100 miles!" But does that mean your carmaking ability is as good as Geely or Nio today? If you put it on the marketplace, of course it won't sell.