Indian scholar Subroto Roy writes on The Statesman, Editorial Page, May 31 2008:
It is almost as large an error to overestimate Chinese military aims and capabilities as it has been to underestimate them. On 8 May 2008 in Tokyo’s Waseda University, China’s President Hu Jintao declared in a speech broadcast live “China has taken a defensive military policy and will not engage in any arms race. We will not become a military threat to any country and we will never assert hegemony or be expansionistic”. This was as clear and authoritative a reply as possible to the June 2005 statement in Singapore of the then American defence minister Donald Rumsfeld: “China appears to be expanding its missile forces, allowing them to reach targets in many areas of the world, not just the Pacific region, while also expanding its missile capacities here in the region. Since no nation threatens China, one must wonder: why this growing investment?”
By 2006, Rumsfeld’s generals were saying China had “the greatest potential to compete militarily with the United States,” and could “field disruptive military technologies that could over time offset traditional US military advantages absent US counter strategies”. The “sizing” of China’s military by American and other Western analysts became a parlour game ~ one with major business implications since the threat perceived or misperceived from China affects American decisions on the size of its own military.