Short answer

No. Li and qi explain how things are formed and ordered, but neither can be the One behind everything. Zhu Xi (Chu Hsi), a later Confucian teacher, taught that every thing has li, its principle, and qi, its material force. He called the li of all things the Supreme Ultimate. He said it will not do to picture a man in heaven judging sins, or to say that nothing rules. What rules, he said, is li itself. Yet he also said li has no intentions, makes no plans, and makes nothing. A principle that makes nothing cannot be what brings the world into being. Islam says who rules: God (﷾), who knows all things and created them. The Qur'an says, "Verily, all things have We created in proportion and measure" (54:49). Chinese Muslim scholars gave this answer in Chinese from the 1600s. Read the Qur'an, and test it.

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