Earlier quoted context omitted.
Nobody is going to care about this in the long run, and it's pretty clear that China has already moved past US capabilities with tech like 5G. This will only spur more investment in domestic technology. China has a far better education system, a lot more people, and a government that's able to do long term planning. I expect them to leapfrog US within a decade or so.
I doubt it. Chinese system only works when they are playing catch up. There is no incentive for being a pioneer in a culture where IP is not protected. The system doesn't work when they need to push above everyone else.
And yet mobile payments are integrated into Chinese e-commerce with the frictionlessness that Apple Pay and the others can only dream of.
Who defines what "pioneer" is? Is SV not "pioneering" because the vast majority of its companies are trying to be Salesforce and not Uber?