[Lancer_N3502A]

Rough numbers by 2010 are:

SU-27 700+ (all makes and models-fighter and fighter bomber)
J-9 200+ (very F-16ish)
J-8 650 (MIG-21 hybrid)

MIG-21 500 (ground attack)
JH-7 200 (ground attack)

[Lancer_N3502A]

Chinese Army by 2010

2,290 MBT (modern ones too - very Soviet T-90ish)
5,000 APC (with state of the art gun and AT missile systems)
700+ LAV

1,000 T-62
5,000 T-54/55
Both of these are obsolete but good for occupation forces.

I'd say they could outfit about 25 Level I mechanized infantry divisions and another 50 Level II/III for occupation forces.