The Chinese may be lot of things, but they're not stupid.
The explosive growth of the world's population is going to cause shortages of almost everything fairly soon.
The Chinese are going to make "megatons" of money on this stuff.
History fails to record a single precedent in which nations subject to moral decay have not passed into political and economic decline. There has been either a spiritual awakening to overcome the moral lapse, or a progressive deterioration leading to ultimate national disaster.
If you think a strong military is expensive, think about what a weak one would cost