And only one anti-satellite missile to destroy it all in time of war. That's way too much capacity in a vulnerable location to build for such a big price tag, assuming it can even be done in the first place.
It will only start the construction after another decade or two even if everything goes as planned. Maybe they'll put laser on it who knows. Even we are talking about today's technology it will likely lie on GEO orbit above china and enjoy all the protection and distance and orbital height etc. Also I don't think one missile is not gonna knock out a 10000 ton space station.
No matter what human will expanse into space and large orbital installation will start to pop up. They'll find a way to set things straight in the new era.