Such stupidity...
Thats about like saying, 'people paid $125 per share of dogwalker.com, and hence, they have good revenues...'
China is competitive only in manufacturing (and exporting). They are playing much more on the supply end of things rather than on the purchasing end...
One day of political instablity and those big corps could be looking (rather hurriedly) for a new front end to their supply chain...
Most, probably 80% of the 'China' demand for things like superconductors, or whatever, is because the international corporate community is cutting costs and moving to China. "China demand" is not really "China demand..." It is "international demand"...
There seems to be a quite common phenomenon, though rarely commented upon, which seems in some ways the reverse of "Buyer's Remorse", to wit—"I paid a lot of money for it, therefore it must be the best money can buy."
The British were once artists in this direction, palming off some of the ugliest and most uncomfortable suits in all creation largely by exclusiveness and high price tags. So too with some of their automobiles.
Many in the Pentagon have learned the same lesson.
It's also a tried and true formula, I have observed, for some golf courses and shotguns, much modern art, and suburban development.
I suppose deep down it's related to Veblen's observations on conspicuous consumption, and explains, in part, Galbraith's success in convincing many corporate do-nothings that their existence was self-justified, and absolutely at the cutting edge of his new corporate "economics", hehe.
Best regards. Hop.