100%
In teaching Chinese to be production engineers to make Western designs, we inadvertently taught them most of what they needed to design themselves. And China has gone on to create a real culture of innovation.
No Western culture, except maybe the US of A, is in the same league.
Germany, France and Italy continue to turn out minor variations on last-century designs (until their monopoly firms go out of business).
The rest of the West is falling behind not just China, but South and South-East Asia too.
Australia? We're falling behind Africa (seriously, 119th in economic complexity), and the Woke nitwits in charge are impatient to finish deindustrialisation.