The 240 GeV is related to the Higgs mass, not the maximum energy possible in the ring. They could increase the center of mass energy to over 350 GeV in the ring and create top-antitop pairs.
However, the diameter is really set by the proton energy desired for the successor machine and the superconducting magnets they expect to be feasible when that machine is built. China builds MRI magnets with NbTi now so they already have most of the cryogenic technology needed. No one can yet build Nb3Sn magnets required for the desired proton machine. Or for the LHC energy upgrade.
The LEP magnets were mostly concrete. Fields were so low the amount of steel and copper needed was tiny, so these active materials were spaced out with concrete. Shrinkage over the course of construction caused some hiccups in the earliest days of LEP.
As another commented, the Daya Bay neutrino detectors are quite sophisticated. China is also working on GEMs. They make excellent scintillators.