While I agree with what you're saying, I have to point out that Japan had the same reputation at one point, and look at them now.
This is dead on. Don't forget the Chinese were dressed in silk and writing poetry when the Brits were painting themselves blue. The QC is weak on many things right now, but when they elect to do something, they are unstoppable.
Example:
There was a problem with mosquitoes and no funding to get rid of them. Mao began a kill mosquito program. Every child brought in dead mosquitoes to their teacher and every worker did the same with his boss. In no time at all there were no mosquitoes in the whole country. Amazing.