We may have quality, but they have quantity and, when their blue water build out has a few moire years the whole formula will alter.
They always had quantity. It didn’t stop the West from dominating and defeating them time and again. Quality usually trumps quantity.
Luckily for us America has quantity also. Our military forces are the largest in terms of weaponry.
With Asia (and China especially) it was always about Eastern numbers versus Western firepower. Firepower usually prevailed.
China has no future as a great power. They are aging at a rate never before seen on Earth. Their workforce is already in decline. In a few decades 40% of their population will be over age 65. All this will sap their economic and military vitality.