I believe he was referencing material capital as opposed to liquid capital (ie money). It would be fair to say the US not too long ago had a big headstart on existing technology/machines.
In any case, I think China's cohesion can easily be seen just by looking at the differences in papers being published in china vs the west.
For instance, you won't find many if any papers in china on the effects of diversity within society and the workplace. Unlike here, they don't seem to be urgently researching in this area.