One industry that hasn't yet gone far through this cycle is large commercial aircraft (i.e: jetliners), which remains dominated by Boeing and Airbus, even within China. But this isn't for lack of trying. China has been attempting to manufacture its own commercial aircraft since the 1970s, and has been following the China cycle playbook to try and get there.
Source: https://www.construction-physics.com/p/will-the-china-cycle-come-for-airbus