China has almost NO interest in standing toe-to-toe with America on the world stage when it comes to war materiel. She does want a first-rate nuclear arsenal, army and air force to defend her borders. She will want a regional "blue water" navy to ensure that the US cannot bully her in her own backyard. But those are clearly the limits of what China wants.
Within the next generation of our life, a majority of world assets and economic growth will be in the form of electronic signals. Programs and applications so complex, systems so interconnected that civilization will depend as greatly upon them as it does on electricity today. A disruption of those systems will mean an end to a nation or a corporation. That's what China's focused on. In that, she is less than 20 years behind. People should take note. There's an old saying, "Danger rarely approaches from the direction we bravely face."