However, if the alliance of EU and US works by not selling the jet engine technology to China, then it is a different story. Same for Volvo and China now can master the two key technologies in car: engine and transmission.
With respect, I disagree on carriers and I argue carrier is not ultra high tech. The ones Chinese build is based on old technology. It is not nuclear powered. It has enough power to invade Taiwan (of course without the intervention of US).
China is changing fast in front of our eyes. Its military drones are cheap and competent. It is marketable due to their noninterference policy. China is the third country to send men to the moon - for that I have to say they are pretty innovative (or in my term 'adaptive innovative') even it is 50 years late.