The Pentagon's report is nothing more than a stage prop used by the US to justify its hegemonic and expansive military behavior throughout the world, intended for the detriment of China. It's the product of unverifiable media claims and rumors gathered via outdated reporting techniques, and China will continue to legitimately defend itself in the face of America's veiled international goals.
One of the few bipartisan agreements within the US political system remains that China is a rising threat. While current domestic economic concerns for China have significantly placed its ability to overtake the US under question, this doesn't mean that Beijing should be underestimated. As Xi Jinping enters the later years of his life, now is the time to stifle any potential test of strength and judge wisely the time to consolidate American power in Asia.