With the new IRBMs and hypersonics being introduced as well as future X37B type with MARV nuclear warheads parked over or near China, it's possible to catch up.
Its possibly true. With the anti ship ballistic missiles, China's aircraft carriers will become obsolete before it could enjoy using them.
That's just what China wants the US to do and therefore the future Euro-Asia continent trade union can be made feasible.
If the US chooses to do so, by that time they should have lost their long reach to most developing countries along the key trade routes (think about Iran) because the US would have to abandon most of its current sea based military assets which are highly effective in suppressing resistance from smaller countries but useless for battles with super powers. Remember, unlike America, China don't use bombs to enforce ties with developing countries.
It is financially impossible to develop a large hypersonic arsenal while you put big money to running and maintaining some rapidly aging fleets and feed a large amount of oversea bases for deployment of stealth fighters which require highly costly maintenance. Besides, developing hypersonic weapons requires building a lot of expensive infrastructure including large hypersonic wind tunnels.
Worse than that, China is challenging the US in traditional arms development as well, which can be seen at their ship building capabilities. Yes, they are building new carriers but they definitely don't worry too much about being sunk by an ASBM as they know such ASBMs can only come from the US or Russia as no other countries have capability to run super scale sensor network to target a sailing carrier, hence they can retaliate equally with ease.
They are also expanding nuclear arsenal at crazy pace with newly developed warhead delivery mechanisms as seen in their July and August hypersonic tests. They are doing so to make sure they don't need to worry too much about an escalation to nuclear exchange if they sink some American carriers at around second island chain. Therefore the US will have to struggle in 3 fronts against China at the same time.
That's why the US leadership including the congress and the military is so hesitant to put all bets to development of hypersonic weapons.