Sure. But I still believe the Chinese have a long way to reach original creativity. No doubt they know how to copy ideas, HW and SW in a realy hurry - and doing that cheap, also because they don't have shareholders chasing them every quarter but - in Asian tradition - can plan much longer term.
So, assuming they drive the Ericssons out of business, what then?
The Japanese had - and still have - the same problem. They did indeed out German the Germans when it came to cranking out quality product at a lower price. Now nobody can exactly blame the Germans for being super creative either, though...
I see, that's what you were driving at straight from the beginning :)
But, Ericsson needs to shell some of their complacency and also become a little bit more flexible and open minded towards new and better solutions: Hanging on to legacy Freescale and ailing T.I. (quality, delivery, innovation) while ignoring new trends for for instance would revive the company and their products a lot.
Right now NSN and Huawei are both betting heavily on multi core processors Cavium and their alikes and their new products will knock the socks off what Ericsson is right now working on.