So a different writing system for Chinese has already been developed.
Some other languages also have more than one writing system. (Serbian and Azeri).
When mobile phones became accessible to the general public then many people used Latin alphabet to write in Russian, because SMS didn't support Cyrillic properly.
Vietnamese also didn't use Latin originally.
Tangent: Anthropic's CEO worked on Mandarin speech recognition at Baidu: https://arxiv.org/abs/1512.02595
Quiet environments were, for me, more of an issue: it combines very poorly with open plan offices since you bother the people around you.
Non-native Chinese-Script language learner - I use touchpad stroke-input on my macbook 50% of the time (and touchscreen stroke input on phone 100% of the time).
However note perhaps the simplicity of the latin alphabet(a small set of separated characters) lent itself well to a simple implementation on early computers. which got them out of numerical processing earlier than if they had to speak chinese or even something like arabic where the written language has advanced to the point where the connected cursive form was the only correct form. the rendering of which would be tricky for early computers. note that english has a connected cursive form, the art of which has just about been destroyed by computers.
1. I don't read(or speak) chinese. but the characters are composed of sub characters and stroke order that may provide hints or insight into the nature of the character. Or they may not, I don't know, I don't read chinese.
The current system works, replacing it would be a massive multi-decade long change with a lot of opposition. Cultural pride/arrogance plays a big role. It's not inconceivable to think that the Chinese regime might fall in the process if it tried to pull it off. Given all these, the benefits just don't outweigh the costs/risks, at least in the horizon of the next 100 years.