I know that it's likely a dead horse by now, but one more for the "China is not a threat" column. For the first time in years, Chinese military growth is comfortably less than double digits. It will only rise 7.5% this year to $78b.
(Remember: US military spending in 2010 will be $636b for DoD alone. In other words, we're still spending 9x China on defense.)
For another way of looking at it, China will be spending 1% of GDP, to the US's 3.5%.