Dear Chicom,
Time will tell whether your ‘dream’ will come true.
There's no gurantee either way. But I believe China will adapt. Years ago, on the FR, when everyone was complaining about manufacturing moving into China, I had said there will be time when they will close labor intensive industries. It had happened in Japan, Singapore, Korea, Taiwan, Hong Kong, etc. And now, it is China's time to close them down.
In contrast, you don't see much in the news about the higher value industries expanding and moving into China (i.e., GM, GE, Boeing, Microsoft, etc.). But it is happening.
Some of the labor intensive factories may even move back to the US. Germany has brought some of them back.
Typically, there is a lull in the economy where closing of labor intensive factories can occur faster than opening high tech facilities. Exports from the US climbed faster than from China this last year. This, of course, is temporary. Over the next 10 years, China will move further ahead as higher value products are exported (e.g., autos).
As a last comment, there isn't anything wrong with China dreaming of a better life. But there will always be those like you who will wish them to stumble. The 'dream' will always be seen as something negative by people like you.