That's what leapfrogging and second mover advantage are all about.
The argument is that both steam CAT and EMALS are a first for China, and EMALS is the future. Why bother with steam one.
I think the result is largely dependent on perceived threat and risk, basically timing issue. I would hope they opt to skip steam CAT, but this is very unlikely.
China is not just any other country anymore. If needed, China can pile up more money than US in certain area. It's a superpower in the making, like it or not. US still tries to deny China a seat at the top table at times, but China will make the case again and again. And this is not some nationalistic view, but the way it's going.
Of course R&D is not just about money. But China has proved its engineerin capabilities in many areas, though media in the West are still being dismissive. Even in lagging areas like engine and semi-conductor, it's catching up thus the continuous debate. I think the question is more about when rather than if.