Precisely, I've been saying this for years. If you look at time frames, China is right on track to become an economic powerhouse in the production of quality products just like Japan in the 90s.
Japan started in the 1950s after WWII, but China didn't get it's start till the 80s because of the Cultural Revolution of Mao. China is 30 years behind, so we're starting to see their potential now.