Part of Sun Tsu's way with any warfare...deception.
Now, however, having studied what their Navy is doing for a number of years I can say that there is a lot of meat there. More and more systems are their own and they are not that bad. Not up to US standards or capabilities by a long shot...but growing none the less and worthy of taking note of and being prepared for...particularly in the waters within the 1st island chain.
Consider in WW II, we capped all Army/Marine infantry units at 89 divisions. Hitler, outnumbered badly, invaded Russia with about 127; and at any given time the Russians could put 200 divisions in the field. So we have quite a history of putting a lot of resources into firepower in general and the navy in particular.