For sure. 

1) There are a lot of people, so a lot of talent. Statistics, basically

2) Middle class is growing, so more time and money can be devoted to art

3) China is going through few different revolutions currently (industrial, sexual, consumer, civil rights) similar to 60s/70s bands

4) I think it's unfair to say that China limits all forms of creativity. There is plenty of art coming out of China

5) Specifically, a lot of good music too (see: Carsickcars, Snapline, Cui Wan)

The time is ripe for the Chinese music scene. The main problem is the taste of the population. 

There is lots of good Chinese music, you just need to pay attention to it.

eventually but not anytime soon.

the reason 60s-70s rock and really all classic timeless kinda music hits for so many people over such a long period is that it comes from a place of authenticity and honesty.

Though maybe not the beetles because most of their lyrics are gibberish (not saying it isn't great but it's great for another reason)

If theres one thing that locals seem to be in lock step with us on is that mainland chinese entertainment sucks because it is so inauthentic. Chinese shows & movies are all preachy and one sided and irrelevant. Dumbass palace dramas and circle jerk ww2 films.

Part of authenticity is confronting issues that are relevant to people's lives but that involves addressing issues and angst and stuff. Not what they want to do.

Let me give a non-music example, I think the situation of migrant workers could be made into a masterpiece of a movie in the right hands. You get some guy who grew up in an inland province getting fed maoism and now all he can do is live like shit in the big city pushing boxes around, everybody looks down on him. His kid's a lazy fuck but has all these hopes and dreams forced on him to get a good gaokao score and make the family rich but it's clearly hopeless.

There's totally an amazing story to be told there, but it would involve too much introspection than they would let fly.

Same with music you know? You'd think there could so be like a chinese bruce springsteen singing about working class heartland values and issues. Or a bob dylan type.

There's so much existential angst here just all across the board, so much material for such great art but making that art involves confronting issues and showing how they affect people's lives etc and I just don't think they're ready for that.

Could there ever be a music artist in China that is alike to Zeppelin or Beatles?

As I listen to 70's and 60's American Rock artists such as these

I'm totally confused!

Neither Zeppelin (if Led Zeppelin) nor (The) Beatles were "American Rock artists"... neither were American,  and the Beatles are pushing it to be referred to as 'rock'... And then to pull in Pink Floyd (I presume that's who you're referring to with  'Floyd' - just in case there was another band called Floyd which were a American rock band).

Otherwise - the answer will be a 'yes'. for the same reasons the others have said.

There are good Chinese bands, but they will be of limited appeal for a foreigner.

-Any good band probably sings in Chinese, often a local dialect, so unless you understand that fluently you won't get it.

-Most of the population like terrible pop music so rock bands have limited exposure and many good bands are only known in their home regional areas.

-The govt prefer rock music that sounds somewhat like 'November Rain' by Guns and Roses and be an annoying ballad with a superfluous show-off guitar solo. Anything that sounds more hard hitting than that should be careful of disapproval and have no exposure or radio airplay.

-Even in the west many people dislike modern rock music and prefer 60s, 70s and 90s rock, and lament the 'lack of modern talent'.

There used to exist the beginning of such an underground rock scene culture, back in the 80's, and then stuff happened and these were repressed and ceased to exist along with any pure leisure activity with no face/money prospect.

I kind of felt it wanted to grow again at the end of the of the 2000's, but the reality is, beyond what everything expatlife said which is completely true, any attempt at anything authentic or truly original either is at risk of being shut down or simply not getting any fund, because no Chinese producer will ever invest in anything else than a standardized rip-off of a rip-off of last year's Honk Kong/Taiwan megahit which itself is a semi-rip-off some 90's western classic.

Chinese internet provides no social platform where people can post stuff and share and hope for the best. There's no equivalent of a Youtuber in China because all these video platforms, hungry for money, would much rather fill their server space with stolen US TV instead of thousands of hours of user-made video (that need to be censor-managed).

No platform, no prospective, hardly any potential audience, and of course social pressure to do something "productive" with your life. Hard to grow anything there, but that's not it.

Last but not least, a regular band in PRC does need to be government-approved, part of the process requiring to actually declare all songs (and lyrics I guess). Anything you'd do would otherwise be illegal and potentially used as an excuse to shut you down or worse. You know, just in case anyone had one shred of hope left.

And this was before the current administration which, as we all know, is actively working on keeping it all as sterile as can be.

I've been to a ton of underground rock concerts in Beijing and frankly, a lot of the bands I've seen were really good. 

I think my favorite might still be Brain Failure (脑浊). They are one of the oldest "true" rock bands in China. Last time I heard, they're still playing in Beijing and still do tours (in China, but apparently they've played in the U.S on a few occasions). You should definitely go see them if you have the chance, their live performances are some of the best memories I have of high school and college.

Now the problem is, this is underground rock because, well, rock isn't an influential movement anymore, and as far as I know, it's still illegal in China (but ignored by the government as long as the lyrics aren't about "sensitive" subjects), so this kind of bands will most likely never make it to the mainstream.

Taking these facts in consideration, there are very little chances that Chinese rock will ever become influential. Or any rock bands on an international scale for that matter -  there hasn't been a singer or band that truly mattered or influenced the world for a long time.

There definitely is a lot of untapped talent in that scene, though.

Ok, I'll hijack the thread-

Name the best band/musician ever,,,,ok,,,,, too damn limiting.  list the 3 best bands/musicians ever.  

*give reasons if you want to....

3. Kurt Cobain
2. Freddie Mercury

1. Elvis

Surprisingly, there is a very active rock music scene in Zhongshan and I must assume also in most other cities since this is a bit of a backwater. Many of the bands are quite good but the most popular seem to be Metal bands. It's not my cup of tea but the musicians are very skillful. Some awesome guitarists here if you like guys who can shred. I like Indie music but that genre hasn't reached these shores.

As was mentioned earlier, IMHO the problem isn't with the talent pool, it is with the musical taste of most people. Michael Jackson, Taylor Swift and Avril seem to be the staple diet.

Pink Floyd? Led Zeppelin? Get out of your dad's record collection already!

Pink Floyd are dreary, awful psychedelic art nonsense.

Well, I guess I can only speak for Guangzhou (and that is a mere city of 15 mil). The few places that carry live music seem to be foreigners mostly. I don't see any original Chinese artists. Nor does there seem to be any interest in local artists or live music in general. To answer your question, no.

Does anyone even pay for music or listen to albums? I don't think Chinese appreciation of music is very deep

Cui Jian?

we are Motorhead and we PLAY ROCK N ROLL