This is true. People like to jump at the opportunity to say China cannot design and build modern jet engines. The reality is that China can do both, but doing so requires enormous resources and focus at the national level. In comparison, western engine manufacturers make new engines like cakewalk, while still have enough resource left to research into new technologies.
Currently, China possess all the requirements to build a F-119 class engine, and the resulting product is the WS-15. What China needs now is money and practice. $1.53 billion may sound a lot, but it is nothing compared to the enormous fund that Western engine manufacturers gain from civilian sector. Western engine manufacturers also have enormous experience from building countless civilian engines, whereas the only experience China has right now is the WS-10. China won't get the experience it needs without practice in building 10~20 new turbofan engines.
Guess that the military versions of civilian planes like the C919 would help spur development of new turbofan engines, along with new civilian planes too.