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US isn't even able to build enough weapons to keep a proxy war with Russia going right now. It's absurd to think that US could develop industrial base to take on China. Also, nobody with a functioning brain says anything of the sort about China's economy. If you're still listening to the same hucksters who've been peddling China's collapse for decades and still can't see that it's nonsense don't know what else to say.
The US has like 10,000 tanks, fields of aircraft, fleets of rotting ships, all in storage.
In the event of a war with China (just as Iraq and Afghanistan), most heavy US equipment would be refurbished stuff, it's cheaper and quicker to upgrade a 40 year old Abrams M1 than build a new M1A2.
I don't think the US even tries to prepare for a scenario where it actually goes through its reserve.
That's not how these things work in practice. US can't just pull out 10k tanks out of storage and put them into combat. There are logistics, personnel, maintenance, fuel, and so on, that's needed to operate each one of these tanks. In the event of the war with China, US would be trying to ship its decrepit tanks all the way across the ocean. Even US military isn't dumb enough to think this is feasible.
US whole game plan was to have sea and air dominance and to surround China with bases in Japan, Korea, Philippines, and Guam. This whole hare brained scheme is now falling apart because China has reached parity with US both in terms of its naval and air forces. In addition to that, China enjoys massive missile superiority.