Anything is possible. If Harimoto can beat top Chinese players then Ding Ning, LSW can, too. Their muscles probably are the same lol.
https://www.nzherald.co.nz/sport/news/article.cfm?c_id=4&objectid=11645926
To be fair, there is a structural issue as well. For each and every sport it is important to consider in which proportions males and females play the sport, what the general perception around them practicing is, which resources are put into their training, the extent to which their parents and the general public would allow them to consider making a career out of it... Not all sports are equal and it is even harder to make worldwide generalisations, but we can't just assume fitness is the only factor.
I would also venture, and I hope that this won't be misinterpreted (it is certainly very dodgy ground, and anybody could find exceptions to this), that men on average may have more of a "killer instinct" (depending on the viewpoint, for physiological/hormonal/evolutionary/historical/cultural/other reasons). Please note that I am absolutely not referring to things such as discipline and determination, in which case the picture may very well look different. Also, I am not saying we should only see the glamorous aspect of this - there are others.
The cultural factor, which is one of the most important, is changing extremely fast but we should remember it is very much a recent trend and there is still a long way to go in many countries.
Putting debates aside, TT is fairly special in that people routinely follow both women and men in any given tournament. Compared to, say, football, the impact is huge and means at least that resources are much better shared. Sport is not just about "who's best" but rather "how much better than your original self can you get" and, in that sense, things have vastly improved.