Here we go again. "China is failing, no need to worry", then in a few years time "China stole our future tech and we need more export restrictions until we can invent it ourselves!"
If you look at the speed at which China has developed rocket technology and space tech in general, both privately and with government funded research, it's pretty clear that they are going to be a big deal very soon. They have some geographic disadvantages, but they have huge supply chain and rapid development advantages.
TFA also makes the classic mistake of assuming that the initial launch cadence is how things will remain, when of course it's going to ramp up as confidence in the already deployed satellites builds and the steady stream of work improves the turn-around time on the rockets.
We have got to stop doing this and instead be realistic. We have competition, and competition is usually a good thing if you respond well to it. We are going to have to adapt to a new world where there are vastly more satellites in orbit and where the reach of these private companies, likely backed by governments and with dual civilian and military applications, are greatly extended. Fingers in ears doesn't work, as we have found out time and time again.