Perhaps not, but it certainly says something about the fragility of the US monopole mentality. Even if they get to just half of the US GDP, it would be a major coup for China.
They almost did, $1.33 trillions is quarterly GDP, they need 20% more. They'll get that in a few years.
Resource exhaustion will become a soft limit pretty fast. I don't believe in Malthusian hard limits, but extraction and distribution systems may grow more slowly than demand even without hard resource limits.