1. Have you seen the Qwen offerings? They have great multi-modality, some even SOTA.
Nano Banano Pro starts at 15 cents per image at <2k resolution, and is not strictly better than Seedream 4.0: yet the latter does 4K for 3 cents per image.
Add in the power of fine-tuning on their open weight models and I don't know if China actually needs to catch up.
I finetuned Qwen Image on 200 generations from Seedream 4.0 that were cleaned up with Nano Banana Pro, and got results that were as good and more reliable than either model could achieve otherwise.
It is very good for the size and speed, and I'm excited for the Edit and Base variants... but Reddit has been a bit "over-excited" because it run on their small GPUs and isn't overly resistant to porn.