alt Hacker NewsGoogle says the Chinese military budget is 281 billion. They probably get lower cost labor and production, but that’s significantly lower than the United States.
Adjusting for Purchasing Parity, an imperfect measure, that still only like 600 billion, significantly lower than the United States.
They're vertically integrated so a lot of materials are cheaper. They also steal a lot of technology, so they save a lot of money on having to do the research the US already paid for. Finances alone don't make the military and your argument doesn't change anything I said.