Viet
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China is nowhere Japan is in technology.It is true that China was largely a cheap copycat for decades, primarily because it lacked an industrial base and had to start from the bottom. However, in the past 20 years it has invested significantly in education and has immensely expanded college enrollment. At this point, China is at a major confluence where it has immense capital, a well developed foundation of technology and a young and well educated research/scientist labor pool that is now equal in size to the US and still rapidly increasing. This is why China is a major threat.
As far as innovations, they are recent but in terms of 5G (Huawei), Mobile Pay (Wechat and Alipay), Drone technology (DJI), China has begun to take the lead. Not to mention that it has dominated the Supercomputer list in recent years and is now investing heavily into quantum computing.
The US is undoubtedly still the leader but China is fast catching up in its innovative capabilities.
Japan however has receded greatly in the last 15 years. China is far ahead of Japan technologically in most fields except for some very specific fields involving advanced robotics or industrial machinery. That might change in the next 5 years.
Would you buy a chinese or japanese car?