It's worked for a very long time for aircraft.
China has been pushing to build its own aircraft for >23 years. It took 14 years for COMAC to get its first regional jet flying commercial flights on a Chinese airline, and 21 years to get a narrow-body plane flying a commercial flight on a Chinese airline.
If for no technical reasons and purely political, COMAC may still be decades away from being able to fly to most of the world.
Likewise, in ~5 years, China may be able to build Chips that are as good as Nvidia after Nvidia's 90% profit margin - i.e. they are 1/10th as good for the price - but since they can buy them for cost - they're they same price for performance and good enough.
If for purely political reasons, China may never be able to export these chips to most of the world - which limits their scale - which makes it harder to make them cost effective compared to Western chips.