So I guess determination of Chinese future, is basically on how quick you think they can continue creating additional "consumers"?

Now that you mention it, I see to recall even official Chinese economic policy statements operating somewhat along that line of thinking. Though they of course couch it in terms of wealth inequality - it would not surprise me if their real thinking was more along the lines you are talking about.

For who could be free when every other man's humour might domineer over him? - John Locke (2nd Treatise, sect 57)