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Notes - UPDATED 4/26/2016 - Now China is building a comprehensive, all-round, defensive military that is powerful, highly developed, and not only a match for, but also is the equal of all major military countries in the world. Chinese military expert Michael Pillsbury notes, I think all-round defense just means that they [China] want to deal with threats and challenges in a more comprehensive manner, thats why they want to be prepared with all types of modern and diverse weaponry.  Indeed, this recent development shows how China is trying to upgrade its conventional power in the face of frequent U.S. and allied incursions in the South China Sea. According to Pillsbury, the goal is to build a principled-based and nationalist-driven new military that is not really a copy of the United States or Russias military, but is an indigenous military that follows its own path. 
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The following comparison table is in no way complete but is meant to provide a sense of the range of capabilities China has built and continues to develop. In fact, the real Chinese aircraft industry is far larger than the figures presented below the first four figures show only the many publicly reported aircraft that have been built, assembled, or are currently under development. All of these figures are compiled from various articles, web sites, and Wikipedia sources listed in footnotes for this post.
The biggest U.S. trading partners in 2012, China and Canada, were also the biggest buyers of U.S. exports. China added $49.4 billion to its total trade surplus with the U.S., the U.S. government reported. The trade deficit with Canada, $2.4 billion, was the smallest since 2007. China also imported a record $153.4 billion from the EU, which was more than any other country. U.S. exports to China totaled $69.2 billion, up 37% from 2011. The trade deficit with China has increased every year since 1998. The Office of the U.S. Trade Representative (USTR) published the latest data for bilateral merchandise trade in May 2013. The U.S. and China have agreed to work together to try to reduce the deficit but the agreement does not include the resumption of large scale trade talks.