The problem with maglev is that it requires a completely new network. I can't imagine that China built its HSR network only to completely replace it in 20 or even 50 years.
I remember when the Shanghai maglev was newly minted, before the time of the HSR, when it seemed like the maglev was the technology of the future. Then the HSR came along, and being able to use existing tracks as well as dedicated lines, could be built at a fraction of the cost of a maglev, with only a small sacrifice in speed.
The maglev is really cool, no doubt about it, but I just can't see a niche (for now at least) where it can become a cost-effective alternative to the HSR.
Maybe one day there would be economic justification for a transiberian maglev line between northeastern China and western Russia.
From regular rail to HSR, the tracks have to be built new. Existing (regular) tracks have much smaller turning radius for HSR over 200kmph, and the gaps between tracks are prohibitive for HSR. And control, electrification etc. are all different. So no, all HSR tracks are newly built, no reuse of existing regular tracks.
HSR did has an advantage over maglev back then, but it is only because of much lower price plus slight lower speed (300kmph vs. 400kmph). That is then. But now we are talking about 600kmph vs. 300kmph, a doubled speed, with the maglev tracks' cost remains flat??
Another thing is, your reasoning against 600kmph maglev also applies to Japan's new Maglev. But it seems Japan pushed for it anyway. China may just take the same decision, but much more scaled up, higher chance to succeed financially.
Also, I think the new maglev (if it becomes reality) is not to replace the existing conventional HSR. They server different purposes. The new maglev will connect big transportation hubs as I listed in my post. While conventional HSR will stop much more frequently. In short, maglev >1000, rail HSR < 1000km, something like that.
Last, 20 or 50 years are
nothing really short in today's standard, not China's at least. How many airports Beijing has built? Three. When was the last time Beijing got its new airport (current)? 2008. And now Beijing is building another Mega airport, that is
8 years only. 8 years is very long today, 20 years would be equal to 100 years perhaps in the scale of 2040s.