Look, how many FON has already happened. 4x, yet PRC leadership are afraid to confront usa directly.
Dear, I think there are reasons to this, maybe over servility , as one could adress it ...
Dont forget dollar is only global currency and the USA is most lucrative global market, due to the fact, USA is the only country entitled to print dollars. China, sadly, still cant ignore USA global role since, its highly dependant of exports, and no other market can substitute USA, and probably wont in maybe next 10 years
Look what happened to USSR. It was dragged in arms race which lead to the total economy exhaust. USSR made moves, you could compare to improving the roof and walls, while foundation were still weal. Have a feeling as if China is after very strong foundations, and thats impossible without strong economy. China, already has a strong economy, but due to the numerous population , military, technology and infrastructure expends , in chinese case, there is always next step in capital accumulation, since no matter how big, no money pile is enough nowadays
China expands its influence, through granting loans for infrastructure projects, various donations etc. Also, China founded, pacific devoplopment bank under own control. There cant be a fast lane in the path of global supremacy. since adversary (USA) is very strong , and, global finances are working for them. Just look at the EU, South America, Japan, they are all their colonies
Through technology improvements, and settling domestic infrastructure, health care etc, China is going to get rid of connection to the USA market, and yuan will eventually turn to global currency with big stake in global transactions. Thats the only way to beat the USA, through finances. Militarily , beating them is going to be piece of cake
The good thing is , unmanned technologies are the indicator of the chinese tech advancements. It would be a very good thing if China, somehow acquire DRAM and FLASH facilities. That would keep tens of billions of dollars, annually from being drained outside, the country in the process of manufacturing consumer electronics. That stands for every other tech fields, and all manufacturing departments, with substantial profit margin