You might have claimed the same about Russia prior to WWII.
Times change, and the military buildup of China today can be compared to what Japan did post-Perry.
Their hypersonic torpedoes are a major threat to our carriers. They are trying, and to a significant extent succeeding, in buying up the best & brightest for military AI.
And once you can get an AI close to a human in an F-15, you redesign the thing to routinely pull 8-10gs--and dance rings around anything that cares about the human cargo.
As for computers, who cares who is doing the design? What percent of global manufacturing of components is currently happening there?
Moreover, their research in biowarfare and human genetic engineering proceeds at full steam while we have almost none.
Remember, war is only something you do if you cannot achieve the changes you want on the ground without it.
They are using the openness of our society to fund chunks of pro-China activity in our major universities--and social media, to include the comments here.
Losing generals are well known for fighting the last war. The next one looks scarier by the year.