Possibly, but so far the NSA didn't show any restraint, so how big is the risk that they get more appetite? On the other hand, it might well be that "you spy on us? we'll buy from China then" makes them take it down a notch, and the same will apply to China. Choice limits the power the supplier has over the buyer.

Of course, it could also lead to the two global powers having an agreement, splitting up the world and nothing really changes, but if there's a chance, there is hope.