Not really, you still need to have a lot of tooling for compilers, hardware, etc. But it is an area where China has an opportunity to both eliminate dependence on proprietary foreign technology, and develop a technology that nobody else has a real edge in

The exchange value is low, because nobody wants burnt cookies or shit pies. But if people did want to buy burnt cookies and shit pies, the exchange value would correlate with the amount of labor required to produce them.