This is what a country can do today when it is run like a business, allows immigrants in selectively, and does not encourage failure--also, when it ignores America's ruling class and its politically correct advice. Lee Kuan Yew even urges eugenics upon Singaporeans, and they believe in its advantages (though I'm not sure they act on it). And China's leaders are well acquainted with this model of development and governance. If they're willing and able to replicate it closely, they will so far surpass us that we'll be relegated to the pile of second rate powers with Japan, Indonesia, Germany, Brazil, Mexico, and a few others.
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