Not really. If China were playing with equal rules there would be no problems. They are not. From currency manipulation to intellectual property theft, not a care about the environment and the imprisonment of massive amounts of people and more, they are not equal participants in the economic realm.

Classical Liberalism does not require me to ignore reality. China is playing to win, by whatever means necessary. Which means if we (the western world) create the opening they will go right through it. A world dominated economically and militarily by China is likely to result in a severe reduction in the standard of living of many nations doing well today. For a crystal-view into that today just look at nations with seriously degraded industrial ecosystems.

For those who might not be clear on what classical liberalism is about, here's a good explanation:

https://www.youtube.com/watch?v=iU-8Uz_nMaQ

Please note there's nothing in these principles that would have one be comfortable with what's going on with China, both within and in the context of the world stage. In fact, classical liberalism would cause one to raise a serious alarm against a good deal of China's behavior, internally and externally.