I can't figure out which is the more hysterical hyperbole.
Meanwhile, Boeing is designing the most advanced composite commercial aircraft ever. And Rolls Royce still builds competitive world class jet engines. And BMW makes a car that some people think is ok.
And China will beat these by doing what? Making lots of cheap jet engines to replace all the ones that fall into the pacific?
As someone who has worked in and around Chinese engineers, I can assure you that "600,000" engineers do not an American BSEE equal. Chinese count technical trade schools as "engineer" producers....and yes, they can get 'engineering' jobs. But you wouldn't trade a 7-11 job for it, and I can assure you, they ain't being hired on H1Bs at Boeing.
I can remember when "Made in Japan" meant cheap and shoddy. Wasn't all that long ago.