The only thing they’ve overtaken is arguably batteries, and even that is questionable if the quality is as good as Korean manufacturers. I think it’s more likely that the Chinese chip industry overtaking competitors will remain like nuclear fusion, forever “just 5 years away”
The best batteries are currently from CATL. No one in the industry is doubting this.
Huawei just showed LogicFolding and have a roadmap for 1.4 nanometer by 2031; SMIC is going for 5nm.
And all of this WITHOUT EUV.
They mostly have overtaken in cars too. Their EVs are just cheaper, and they have built the infrastructure around it, even in more rural provinces. Building infrastructure is something they excel at anyway.