Not really, there is going to be about a 40-year trough in the Chinese economy due to demographics. At some point soon, manufacturing in China won't make sense anymore, (and world wide demand will also decrease due to demographics) so presumably China will be able to decommission a lot of their power generation instead of adding to it. Will they axe their coal? Time will tell, but adding capacity will end, and not too far in the future, either.
We talk more about it but in the facts nothing changes, if anything it's accelerating
https://ourworldindata.org/grapher/imported-or-exported-co-e...
So it's not the emissions that are stagnant, it's the per capita imports of emissions which are roughly flat.
They have a separate graph which reflects "consumption" based emissions:
https://ourworldindata.org/grapher/consumption-co2-per-capit...
The countries most talking about net-zero are indeed reducing their emissions. China is meanwhile trying to catch up to the standard of living of their Western counterparts, driving up emissions massively (while still having great per-capita values, there are just a lot of Chinese that previously lived on basically nothing)
Put differently: Unless you have a plan to change the number of people on Earth (please don't) or the amount of power required per person (potentially viable), then proportional and absolute are essentially equivalent.
And they've started building massive battery storage plants, which will likely substantially replace their coal plants over the next decade.
>In the first decade of the 2000s, plants were running around 70% of the time. They’re now running around 50% (https://www.sustainabilitybynumbers.com/p/china-coal-plants)