Perhaps, but in the last year things have taken a turn that suggest China's momentum may be taking a turn for the worse recently. Trump's trade war is just a leading indicator, but it's not the only problem they're facing; increasing amounts of the world are seeing them as a direct threat. I'm not sure we can project out China's progress from a politital/economic regime where they were at least effectively unopposed (beyond the normal give and take of any economy), if not actively being given a helping hand, to a regime where they are being actively opposed by an increasing number of economies.

It's possible a trade war will end up being the best possible thing that could happen to them by putting some stress on their economy and helping them sharpen their game, but, then again, it may end up being the case that once again, a Communist regime turns out to be a paper tiger pumped up by a lot of people heavily invested in seeing Communism succeed, only for it to collapse spectacularly once all the internal contradictions are laid bare.

Stay tuned for the next couple of years.