Umm...no. They'd lose most of their navy, all of their amphib shipping, and most of their modern aircraft in one attempt.
I have been to Egypt and seen what a few thousand people can do when they put their mind to it. I doubt we could even imagine what the Chinese could do with several Billion people.
I’m of the opinion that their Navy could be significantly rebuilt in a year. Maybe not to the level that it was before, but enough to overwhelm on the second try.