Don't play game by changing USD to RMB. Your text does not tell how this RMB 100B comes from.1) the main reason is there would be only two launches of LM-9 in the 2011 plan. LM-9v11 is too expensive to go anywhere but moon so all development cost would be calculated in the 2 launches. The estimated cost for the whole moon program in 2011 is ~¥100B.
2) they need to rebuild all infrastructure. There’s no big-enough test stand for the 500tons engine even now(highly likely forever)
3) a space shuttle($3B per tail, LM-9v11 is non-reusable) needs 3x SSME while the big white elephant needs 2. An Atlas-5($0.25B) needs 1x RD-180 but it needs 4. It also needs a kind of engine which I doubt if anybody can build in two decades (similar to RL-60), let alone their poor record in developing YF-77, a pretty simple one compared with above mentioned engines.
Using US figures of a totally different system as the base of your calculation is ridiculous. I am sure that you know how much you pay for a cheese burger in your city, can you tell me how much a Chinese Baozi cost in Yun Cheng? Are you going to try to convince me of your estimation?