China is a paper tiger that can not even menace the trade lanes upon which the entire national economy depends.
There are several navies presently deployed in the China Seas to thwart the efforts of the Chinese navy. If there is any kinetic naval aggression, the Chinese exports and imports instantly end
That "the entire national economy" depends on trade lanes on the other side of the planet is a much greater threat than China could ever be.
Simply look at their illegal actions in the Pacific. Taking disputed islands and militarizing them.
Infiltrating the Australian political and national security system. There is a valid reason why Austrialia now wants nuclear powered attack submarines.
Also, our ally Taiwan, controls about 60 % of semiconductor fabrication. The Chinese buildup in military seapower and air power is huge.