Here is an interesting claim in The Unz Review:
But if you watch what the Chinese are actually doing, you may get the impression that China is largely ignoring the American military and letting the US spend itself to death while Beijing focuses on commerce, business, R-and-D, commerce, the economy, education, technology, and more commerce. You might additionally get the idea that China is a confident, well-governed, energetic people on a roll and doing quite well in the inventive department.
Source - https://www.unz.com/freed/china-a-cold-shower/
I'm getting the same impression. We are not a threat to China, and while we waste our time with idle threats and spend ourselves to death, they're building a great society for themselves and their friends.
If we have a strategy at all, it seems to be a stupid one.
Update - 12/2/2020
And while China goes to the moon, our scientific infrastructure crumbles:
https://news.yahoo.com/same-day-china-landed-probe-075620128.html
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