China right now has an over-supply of funds. What it needs is better management of its personnel, workflow and use of funds. Right now Chinese companies and corporations waste too much money on useless grounds. Another problem is the engineers and experts don't rely on protocols, rather relying on personal preferences and workflow. This is indeed quicker, but lead to more mistakes and less integration with the team.
I was Germany for some time, being an Italian, it really shocked me how cold and unflexible the German engineers are. Italians, as we all know, don't like to follow rules. But in Germany, I was surprised how German engineers spend days on a simple problem. They literally tackled the problem like a child learning algebra, applying the full formula and treat the equation the way their teacher taught them. This indeed was slow, but the blueprint could be easily understood by everyone. The most important of all, there were no mistakes at all. When I tackled a problem, I didn't follow the protocol and just free-styled. I did the whole thing in less than 30 minutes, which tool them 3 days. They thought I was a mad genius..... However..... embarrassingly I have to admit, the result was no where near the German quality.
Since I grew up in China, I noticed the Chinese culture is even more "loose" than the Italians. This is partially a good thing, but at the same time, not so great for modern engineering world that requires substantial collaborations between countless people.