Only in Dai's dreams. Micronesia is a complete US vassal. If there is even a small hint of a Chinese base, US military will be invading within 1 week or CIA couping the leadership. China has ZERO true strategic power in outside the second island Chain due to overwhelming US military dominance.
Yes, you could argue China has contested that dominance practically due to PLARF missiles or much more advanced PLAN. But China is still basically bottled up by the first island Chain islands all being US vassals. China can only have real influence in countries like Micronesia if PLA navy has demontrated overwhelming dominance and double triple the numbers of Carriers, destroyers and other forces outside first island Chain compared to US navy. Only then, the leadership in these countries will have the confidence to challenge the US and be open to a Chinese base.
Basically, China needs to boost its numbers massively if they want to matter outside the first island Chain. And you can't do that with a paltry 1.5% GDP budget. If US is spending 1 trillion in military, China should be spending atleast 500 billion in nominal budget.