[mullingitover]

India and Latin America doing some final assembly is kind of a whimper of a counterpoint.

Most of this litany is trivially refuted by pointing out that roughly 40% of the world's declared 5G Standard Essential Patents were developed in China. The only reason they don't completely dominate telecom globally is the panicked invocation of national security fears to erect emergency trade barriers.

"China won in ecommerce? Nope. Their dominance is overwhelmingly domestic."

Their domestic ecommerce market eclipses the US and the next several biggest markets combined. You can argue protectionism, but then you have to face the reality that the US is doing its own flailing protectionism today.

Generally, this is an embarrassing category error of an argument. Running models on ASICs, IoT devices, and EVs are infrastructure and hardware plays: areas where China is inarguably so good that it's a problem.