It depend on whether this is their "National Will". If it is, then be it. China always surprises us. Not many people know that Alibaba is bigger than Amazon and eBay combined. I just leanrn UnionPay, which was almost non-existing 10 years ago, is as big as Visa and MasteCard put together.
The only thing can constrain China is technology, not other innovations which do not matter much. As long as they know the technology, they comoditise everything, which is good for consumers but not very good for employment.
Not only does China have a booming electronics market, it also has a booming electronics export centre. Not only that, it has automation, labour, lesser costs and flexible man-machine hours. It will be number one sooner or later.