I have to disagree with your view point, if you look closely,
the PLA have been modernizing in the last few years,both the PLAN
and PLAAF, just look at their 052C class AAW destroyer, sure will
give the aegis equipped kongo class a run for their money, though
they(PLAN) are still rather weak in power projection capabilities
and the ASW department.Nevertheless, in the likely theaters of
conflicts, they are still a credible and deadly force not to be
taken lightly.As for their air force, with all their Su-27 and J10s
coming on service together with their new AWACS, it will be able
provide extensive air cover for the PLAN if they operate in the
littorals and slightly out.
Lastly like what miserable says, they still have their second
artillery corps to provide a deterrent enough to make the japanese
think twice
Just my worthless two cents 
