China is big yes, but I don't think it's going to continue to develop as fast as it has in the past years. Like we saw the US stagnat (or at least slow down) for a reason. Because it was already big. And the bigger they are, the more likely they're going to stagnant or slow down in terms of advancing. Not to mention that there's competition with the US as well, then it's more likely that they're just going to compete at the top but never really passing the US.

But who knows? There might be some tech that's going to be developed that'd help surpass the US. Deepseek yes was a competitor at launch but at the end it's just US companies over pricing their products since they have the monopoly. Now that there's competition they'd just tone it down.