And keep underestimating China and you'll be sorry.
Overestimating equally doesn't help.
Explosive chinese military expansion is still in progress, and yet has much to fix(or create from anew).
China hating fan bois don't read science, history, and facts. Thank goodness the Pentagon and CIA doesn't hire you and your kind as analysis.
It's notable what US aren't in any hurry to increase naval ABM.
Even more notable what despite some buzz in mass media, USN generally keep very modest approach to capability extension, one more or less decided on in mid-1990s, when impossibility of any recovery of soviet war machine became fact.
Degree of menace felt by Pentagon&CIA is better described by their action than anything else.