"China (officially known as the People's Republic of China, PRC) is building a modern and regionally powerful military with a modest but growing capability for conducting operations away from China's immediate periphery. The question of how the United States should respond to China's military modernization effort is a central issue in U.S. defense planning and foreign policy. Congress' decisions on this issue could affect U.S. defense strategy, budgets, plans, and programs, and the U.S. defense industrial base. This report provides a brief overview of the Chinese military."
CRS Report for Congress, R44196
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html