I understand how capitalist competition often ends in monopoly, at least until the government steps in with anti-trust or there is significant innovation to undermine the monopoly. I wouldn't say this is the defining characteristic of capitalism because I use the word to describe countries that aren't total free markets because there aren't any countries that have totally free markets.
You didn't answer my question though, you just gave a list of countries (some of which, like China, I question are socialist at all). Are there any countries where "working class holds power, and the core economy of the country is either publicly or cooperatively owned" that have out-innovated countries that use capitalism?
What is the primary force that spurs innovation in a socialist country and how does it compare to the force that spurs innovation in a capitalist country?
I'd totally argue that having public healthcare, publicly-owned infrastructure, makes Canada or the US socialist lol. Technically the "workers" don't directly own the particular publicly-owned means of production, but they definitely do have a say in how it is run through their vote.
Anyway...
Given that you say China is socialist (which seems insane given it is literally an authoritarian state: the workers don't own the means of production, the state does!), my original question:
"Can you point to an example of a socialist country (by your definition of socialist) that is superior in a certain industry innovation-wise compared to a capitalist (by your definition of capitalist) country?"
Seems kind of stupid given that China is definitely leading in certain industries compared to more "capitalist" (US, EU, etc.) nations. (Mainly manufacturing industries).
So I'll ask a different question.
Given all the pro-china arguments you've listed. Would you want to live there if you got the chance? And if so/if not, why?