No it's not. Our SoCal church has sponsored some missionaries, formerly church staff, to a small town in southern France. France is as Godless a country as any other in Europe but reports are that most French are starving, literally starving, for spiritual depth. Our missionaries started a church from scratch in a commercial building and, after 2 years, it is thriving.
Don't write off Europe. In one generation it lost its soul and it could regain it back in another generation. But equally important is re-teaching European women that having children is a good idea.
Thanks for the encouragement, I hope you're right! My reading on the subject leads me to believe that the chinese missionaries may make the greatest impact in the non-western world in this century.