"20 years from now the Chinese will be highly respected in their manufacturing"

It won't take 20 years. They're fully capable now. IMO, the main reason the majority of the products we see are 'second rate' is that they've been made to a price point ... usually determined by the American company that's importing them.

I have a Chinese Olympic target rifle that's, in terms of fit and finish, the equal of anything Anschutz has made. And AFAIK, the Germans haven't yet put men in orbit. Well, at least not in their home country ;-)