Currently PD wait time for China born applicant

I asked about the current EB-2 backlog for China born applicants and it is estimated the queue at around 40000 cases. Given that only about 3000 EB-2 visas are allocated per country each year, does that mean someone born in China with a January 2026 priority date would be looking at roughly a 13 year wait before their date becomes current?

Am I missing anything here?

Thanks