That said, Boeing's defense contracts might keep is secure regardless of what happens in civil aviation. United Airlines might buy a plane from China (in a decade), but the US Navy certainly wouldn't.
I am late to this discussion, but James Fallows wrote China Airborn, a book about precisely this topic! The answer is complicated—if it weren't, he'd not bother writing a whole book about it—but the short answer is that so far China's not succeeded.
China does lots of stuff well and deserves credit for it but is not the indomitable powerhouse sometimes suggested in the media (e.g. http://www.marketplace.org/2015/12/10/world/why-cant-china-m..., although I don't know if this piece or others like it are for real).
Everything I've heard about them is that they're unreliable and unsafe to an extreme degree. You're apparently better off buying a 3 year old Toyota Hilux or Nissan Navara for the same price as a brand new Chinese truck.
Also, mitsubishi can build rockets similar to anything spacex can put up.
China would have very little reason to enter the broken US car market.
Especially when there is an island sitting right there that is close enough for them to buy their own Mitsubishi 787s
Both are Japanese companies in the American version of ownership.
In the proximity version of ownership, both are pirate flags.
http://www.popsci.com/china-will-resurrect-worlds-largest-pl...:
> The second stage of the project will involve the complete transfer of technology, including the 23 ton thrust Progress D-18T turbofan engines, to China, for licensed production of a modernized version in Sichuan Province.