Powerplant?
The Europeans designed the M88 and EJ200 in the late 80's.. great modern engines even by todays standard. China just got their engines working after more than 30 years of development. No one knows how good they are. Powerful? Sure but reliability? 6000+hr service life or Russian style 1000hr then scrap?
Gan radars are available for Gripen, soon to Typhoon and Rafale also.
The Camm missile got a GaN based aesa seeker.
LO technology?
BAE built the replica, dassault/saab built the Neuron, sure no fighter. Still designing a stealth airframe is not the hard part today.
We know nothing about how those vertical tails will affect RCS, also we dont know how the new Chinese designs are actually performing and what performance tradeoffs there are. Boeing seems to be going with canards..
What have u read about GCAP having a lower requirement than than the F47 and the Chinese designs? To me everything points that they are going for a real world beater.
There has been a stagnant period of military engine technology between the late 1980's in Europe to the early 2010's. Due to the collapse of the soviet union, the drawing down of budgets, and the beginning of the peace dividend. It may sound impressive to quote possessing advanced engine technologies during a time when the soviet union was still the main threat. However there has been nearly 2 decades, where Europe has not released a brand new advanced afterburning turbofan, and has barely improved since then. This was the lost time that gave China the chance to catch up in advanced propulsion technology. Four decades ago, China wasn't even a competitor in this space. But now times have changed.
Grapevine sources from credible insiders have stated that the newest WS-10 variants, have comparable service lives to western counterparts. But I'm guessing you won't believe that and personally err that they are far worse than even what is reasonable. I don't deny the capabilities Rolls Royce have in engine technology, however there are sources that point to GCAP forgoing adaptive engines to save on costs, while the Chief Designer of the Chinese next generation aircraft have explicitly stated that they will integrate adaptive engines into their aircraft.
In terms of radars, from my understanding the Captor-E mk2 will be using GaN on Si technology, not SiC. With GaN on SiC radars still in the development stages. This is compared to China which has already reportedly equipped GaN on SiC radars onto their newest J-20 variants. If these reports are true, Europe is definitively behind China in RF technologies.
Lastly in terms of LO technologies, again that may be true that stealth airframes are not the hard part today. But countries who operate many stealth platforms generally have a greater ability to assess the strengths and weaknesses of metamaterials and LO paints, in order to further iterate and improve of them in the future. This is a lead the USA firmly has over contemporaries, due to it's far greater and longer experience it has operating such platforms.
I'm not going to comment if the GCAP is or isn't going to be a world beater contender given the operational dates of all the aircrafts in competition for this title is far in the future, with many changing variables.
However from what it seen from open sources, Europe may be slightly ahead currently in propulsion technology, however if it won't be equipping Adaptive Engines on GCAP, this may blow Europe's lead with China in the near future. Europe is a generation behind in RF technologies, and Europe is behind in operating and designing LO platforms.
These points have generally swayed readers into believing GCAP has a lower requirement threshold than both the F-47 and Chinese aircraft programs. With costs as a concern, China and the USA have no qualms funneling money to develop the best of the best.