Grammar-wise the adjective "leading" is used in its positive form, not superlative. Not all adjectives have comparative/superlative forms (usually), while their meaning is an extreme of the kind - "unique", "infinite" and others.
"Leading" in your sentence can be viewed as one of such extremes. So you do imply that Xue is the best singer in China. This is a subjective opinion, that's why it's better to stick to "one of the leading singers", unless you want to provide some statistics, saying:
China's leading singer (according to the X poll / according to the number of concert attendees), Xue, is holding a concert today.