It depends on where this war will be fought.
Red China can’t project force very far; while they build hardware to do so, they don’t have what is required to sustain a conflict elsewhere. They are a regional power militarily while a global power in decline economically (being ruined by cheaper Asians to the south).
No land war with China. They have 4 people for everyone of ours....and considering how many soy boys we have that ratio may be even higher.
The sea/air battle is a bit different. Here is where we should be beefing up capability.