1. Machine tools is the backbone of your high end manufacturing, without autonomous industry you can't do shit. Chinese machine tools makers went from outright rejection to world's number1 in patent grants. this industry was Germans and Japanese play ground but look how tables have turned. Chinese just won another crucial battle.
Yeah, exactly, agree completely.
This is the thing. Most people don't even know what a machine tool is.
CNC machine? What the heck is that?
The only industry that China is not number #1 or close to it, that is IC.
This is the way I look at it. If China master machine tools, it will become a world leader in IC.