Canute I disagree....
A large land army can be and is still very effective force.....especially in asymmetric warfare. China's army is currently estimated to be around 2.2 million...Russia is currently estimated to be 2.3 million. As of yesterday our defenseless secretary and clueless commander in chief are drawing down our army to a targeted level of around 440,000.
http://nypost.com/2014/07/09/sending...to-a-war-zone/
They my not have as many amphibious assault vehicles but there are other ways to take Taiwan if they really wanted to...even with the current capabilities