I'll admit I have moral conflicts about supporting this technology because I also feel it could open the door to pandora's box and a dystopian world that could spell the extinction of the human race. Sorry to be so pessimistic but it is true!

Haha :D , like what the matrix and terminatoe movies predicted.

To your question, i feel China would be able to reach the said goal, because apart from companies like tencent and baidu reinventing themselves around AI. China seem to be using the same strategies as the US, reports have shown that China has demonstrated willingness to spend direct large sums of money to technology when there are strategic national interests at play.

Only last year, it established its first national deep-learning laboratory under the leadership of Baidu and in partnership with the Chinese Academy of Sciences, Tsinghua University, and Beihang University. (Beihang University also happens to be a leader in the development of Chinese military aerospace technologies, including autonomous systems and robotics.)

So in all, it looks like they know what they are up for. They hope to meet the target by 2030.