I don’t think commie Chinese slaves will ever outengineer the notoriously perfection oriented Japanese. They can make things cheaper but, with rare exception, they can not make them better. That’s an opinion and time will tell but I think it’s very unlikely that I will ever buy a car stamped “Made in China” after the experiences I have had with everything else that wears that stamp. US landfills are overflowing with Chinese engineering.
Japanese products were crappy at the time, too.
As for Chinese they are pretty much capable to make some nice things. Right now they are making crap because it allows to cut costs and still accepted by the market. This strategy clearly pays off since China surpassed US in trade last year.