U.S. Will Counter Chinese Arms Buildup, New York Times, 1/9/11
On the eve of his visit to China, U.S. Secretary of Defense Robert Gates, currently in charge of wars and preparing for wars, forewarned his host that its seeking parity with US weaponry (off its coast) will be countered by increased U.S. spending.
Gates might remind the Chinese leadership that trying to match U.S. expenditure on WMD is what eventually disabled the economy of the Soviet Union and caused its collapse.
But still, what is the probably the most important issue for the Chinese leadership at the moment, and perhaps was throughout modern history, is the military might and capabilities of American-British-Western European capital. (Capital largely managed since the end of WW II by U.S. investment banks.)
Since socialist revolutions occurred when imperialism had already conquered the world, capital already had its armies in place. The establishment of the first socialist state brought immediate invasion by British and US led armies of fourteen nations to war against the Bolshevik (majority) led Soviet government in Russia in 1918.
Historians have studied the roots of investor need for wars. In the America of 1893, investors were in trouble for a cyclic obstacle to capital accumulation caused when prices are greatly lowered by overproduction. Increase in production is a result of ever further mechanization through new technology. In the years after 1893, lower prices also brought growing economic and political power to labor. Owners of capital turned to a temporary use of military at home against workers on strike, and then permanent mperialist war overseas: the military conquest of land, resources and markets.
[A bibliography would begin with:
Origins of the Federal Reserve System, Money, Class & Corporate Capitalism 1890-1913 James Livingston, 1986]
The impersonal, amoral and often violence producing need for capital growth is described in a line from in the film Godfather, "Tell Michael it was nothing personal, I always liked him, it was just business."
At the present time, Americans don't dislike the Chinese and vice a versa. Moreover, Chinese capital is intertwined with U.S. capital. But the business interests of private capitalists have to be gotten on with, ergo, the planning for war.
Chinese capital is generating its own need to accumulate. It remains to be seen whether or not Chinese capital can be limited militarily by a nominally Communist government. History has shown that the military potential of capital in large capitalist nations cannot be contained by capitalist government.