I expect the latter, they aren't known to give up big dreams so easily. Consider for instance that India and Russia have had numerous failed launches for various rockets and / or space probes and both countries continue to try again and eventually succeed. Why would China not try again? I pray they do. Chinese or American or Russian or Indian, I want to see a minimal human habitat on the moon in my lifetime. Our species deserves that much, for all the work done so far.