I agree partially. My point is that one way to keep the Chinese deterred, and not have to fight them, is to not let them have the upper hand in terms of resources.
However, MOST of the dollars going to China are building up their infrastructure and economy. They understand that in the long run, this will make them more powerful than diverting it all into their military, now. Either way, I certainly support “buy American” when possible — I worked for a US manufacturer for many years, until their demise, and do contract work for another, now. Unfortunately, we have done far more harm to ourselves than anything the Chinese have done.
I appears to me that they are doing all three. I also don't think that they should have ever been given “preferred trade” status. They are very patient, but I do not believe their military/government has good intentions toward us. They believe that this is their century, and the USA is a has been, and they are happy to help us achieve has been status. JMO