China is nowhere near peaking, nor is the world.

https://ourworldindata.org/profile/co2/china https://www.statista.com/statistics/276629/global-co2-emissi... https://ourworldindata.org/co2-emissions

It's true that the West did peak in 2007 (as did South America, India, and Africa), but Asia's emissions are so massive that they more than make up for all of the reductions of the rest of the world. That last link I posted makes clear how big the problem with China is.