Not so easy, only money and weapons don't make a super power, the world circles around USA in more ways than you can imagine, and it will continue to do so for a considerable time. Further, Europe will side with USA any day instead of China.
In Asia itself, you cannot dominate Russia, they will remain a considerable power on their own, you won't be able to dominate Japan, that's another powerful country together with USA, and you won't be able to dominate India, by mid-century we are looking forward to become the 2nd largest economy, and if things go well, then why not the number 1 position in terms of economy by late mid-century? Domination is a big term, forget about USA & Europe, there are many countries in Asia itself that won't let China dominate them, neither China will be in a position to enforce a domination on them.
A much more saner assessment, USA will remain the most dominating power for at least this century, beyond that we don't know.