There are many reports suggesting that China have acquired a large amount of military equipment, ranging from armored vehicles to ships and aircraft. Their number is now comparable to that of the US.
But anyone can easily see that this doesn't make sense by comparing their military budgets. China has only one third of US military budget, how could they field the same amount of military? Either they lied about their number or their number is not what it seems.
The Chinese have always been known for their crafty deception. Pic related is the best example. They take a product of far lower quality and capability and market it as something it is not. There is no way they can field the same level of military with only a third of the price. Their military assets are useless shit that broke down when they face actually combat and extended/high intensity deployment.