Let's stand by and allow another totalitarian dictatorship to become a superpower, the last Cold War was so much fun!"
Oh, I don't think the Chinese are interested in a cold war.
China Shipbuilding Industry Corporation (CSIC)
http://www.globalsecurity.org/military/world/china/csic.htm
People's Liberation Army Navy
http://www.fas.org/man/dod-101/sys/ship/row/plan/
Report to Congress Pursuant to the FY2000 National Defense Authorization Act
ANNUAL REPORT ON THE MILITARY POWER OF THE PEOPLES REPUBLIC OF CHINA
..............Doctrine of Preemption and Surprise.
Chinese doctrine continues to emphasize surprise, deception, and shock effect in the opening phase of a campaign.
In addition to development or procurement of Assassins Mace weapon systems to counter intervening U.S. forces, China is exploring coercive strategies designed to bring Taipei to terms quickly.
Military Budget. In
March 2002, China announced a 17.5 percent or $3 billion increase in spending, bringing the publicly reported total to $20 billion.
Estimates of total spending range from $45 billion to $65 billion; annual spending could increase in real terms three- to four-fold by 2020.
For the fourth year in a row, contracts for advanced weapons systems from Russia were $ 2 billion--double the average annual figure throughout the 1990s.
ANNUAL REPORT ON THE MILITARY POWER OF THE PEOPLES REPUBLIC OF CHINA
http://216.239.57.104/search?q=cache:GmG-lH3nQBwJ:www.defenselink.mil/pubs/20030730chinaex.pdf+chinese+military&hl=en