Is the US "Exaggerating" the Threat from China?

You'd think the Chinese would love it that the US thinks they're expanding their capabilities.

China's state news agency accused the United States Thursday of "exaggerating" the threat posed by its military, after a report said the Asian nation was expanding its maritime power.
The US defence department said in its annual report to Congress that China was increasingly focused on naval power and had invested in hi-tech weaponry that would extend its reach in the Pacific and beyond.
Xinhua said many people in China found it "weird" that the United States, which spends far more on its military than any other country in the world, should highlight Chinese expenditure.
"The report... exaggerated the threat incurred by China's military development in 2010 to the Asia-Pacific region," Xinhua said in a commentary.
"For many in China, it is weird that the Pentagon, whose expenditures reached nearly $700 billion and accounted for over an appalling 40 percent of the world's total in 2010, routinely points its finger at China."
China's People's Liberation Army -- the largest armed force in the world -- is extremely secretive about its defence programmes, which benefit from a huge and expanding military budget boosted by the nation's runaway economic growth.
Beijing announced earlier this year that military spending would rise to 601.1 billion yuan ($91.7 billion) in 2011 and also said it was developing its first stealth fighter jet.

"accused the United States Thursday of "exaggerating" the threat posed by its military, after a report said the Asian nation was expanding its maritime power"
Uh, excuse me, Mr China? Yeah, that aircraft carrier you just launch? Was that not an expansion of your maritime power?

By: Brant