China has 20x the manufacturing power of the US and a bigger PPP (more efficient use of their military budget) , and they have known the US will one day come for them since Mao. Their recent ships are lighter in tonnage but newer than the American fleet by several decades, carries better equipment, radar, with greater fire power that makes them more equal to traditional ships one category higher in tonnage.
Finally, they aren't building a navy to project power around the globe like the US navy does. The PLAN intends to have the capability to defend their home waters and to protect their economic interests abroad, that's it, so it will never need to have as many ships as the US navy, so a tonnage or ship number comparison would not be an accurate measure of the PLAN capabilities.
China has been working to increase the PLAN's power and reach this past decade. They are nearing to a blue water navy at this point, and have broken through the first island chain, within which they are no longer considered to be defeatable without extreme cost.
The US has withdrawn their concentration back to Guam (previously, they didn't bothered to arm the second island chain).
China has 20x the manufacturing power of the US and a bigger PPP (more efficient use of their military budget) , and they have known the US will one day come for them since Mao. Their recent ships are lighter in tonnage but newer than the American fleet by several decades, carries better equipment, radar, with greater fire power that makes them more equal to traditional ships one category higher in tonnage.
Finally, they aren't building a navy to project power around the globe like the US navy does. The PLAN intends to have the capability to defend their home waters and to protect their economic interests abroad, that's it, so it will never need to have as many ships as the US navy, so a tonnage or ship number comparison would not be an accurate measure of the PLAN capabilities.