China hasn't been aggressive outside their region (and even that's debatable) in some time, and we do outspend them by a large margin.
I've never been able to see them as the hulking threat that other's do. We're codependent.
The US has a new posture toward the CCP-PRC and it is containment.
And dismantlement. Knock 'em back a decade at the least. Make 'em start over again this time more favorably to the USA.
Interaction between the Boys in Beijing and the USA will be more favorable to USA and less exploitative by Beijing. It's a big psychological kick in the ass to the people of the People's Republic that the United States isn't their sucker punch friend any more.
The shift started during Obama's second term in very low key ways and sporadically on only a few issues, mostly military as in the South China Sea. That''s going well now as the French Pacific Fleet sails with the USN and UK has committed one of its two new aircraft carriers to the SCS and environs.
In respect of Taiwan the US last month sold $15 billion of new Abrams tanks and the new F-16 Viper model that has upscaled technologies.
Singapore is basing the new USN Littoral Combat Ships and is a regular shore leave and supply stop for USN. Much of the Singapore Air Force is on Taiwan where its crews get their flight training over uncontested Pacific waters.
Australia is getting 11 Barracuda subs from France and Vietnam which is now a depot of US supplies and equipment has six new Russian Kilo subs and their Klub missile that penetrates into the China mainland. India trains the VN Navy submariners in the Kilo boats and has huge new naval and air bases on the Andaman Islands at the north end of the Strait of Malacca.
Two USMA grads, Mark Esper secdef and Mike Pompeo as secstate like the island basing strategy adapted from island hopping in WW II to base the new intermediate range missiles being tested now that the treaty with Russia is dust. Islands such as New Guinea, Midway, Guam, Solomons, Micronesia and other treaty allies or partners and so on and so on.
In technology Beijing's 5G depends on technologies from Microsoft and Google which are cut off from 'em now. Huawei is laying off thousands in its home city of Shenzhen next to Hong Kong. Huawei lost $40 billion last quarter and may not last out the year.
The RMB is now at 7 to the USD$ for the first time since the GW Bush presidency. That's already knocked 30% off the value of their foreign currency reserves with the RMB headed toward its old peg of 8.3% which in this day and age is a ballbuster to the Boyz. Trump went ahead to declare Beijing a currency manipulator just last month, first time since 1994 US has done this. CCP Boyz in Beijing aren't ready for this assault in their present state of development either in economics or finance. Debt to GDP ratio has finally hit 300% which the Boyz had been working down until now. The only thing the Boyz can do presently is to crank out cheap money.
The Chinese over thousands of years have one approach to people who disagree with 'em and one approach only. They lecture, scold and holler at you. They berate and bash you until you give in. The Chinese demand you be reasonable and see everything their way. Right away. After all they are The Chinese. This will be changed to cooperation and intercourse. There'll be a lot of butt hurt in Beijing along the way. After all, it's not easy being Chinese. They always find a way to complicate everything for themselves. Mostly by their own temper and temperament foul as they are. The most common word in China btw is no. Second after that comes don't.