Twenty years ago, yes, but trendlines for both have changed for the worse.

US today does more fiat-printing than profitable commerce, and centrally-planned policy-lag is crushing China's manpower advantage,

And China is way beyond copying - other than the USA on a good day no Western country can innovate for sh_t compared to China. Of course, in an ideological one-party state that could get shut down tomorrow, but it hasn't. 

 yes i think the funny thing abt central planning is that one bad policy decision can fuck everything