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Having the biggest fleet (in terms of tonnage) and the largest army (in terms of manpower) doesn't mean shit if they do not know how to fully utilize the equipment. This by itself is the biggest reason why they will not win a war if they were to start one. It's not about how many, it's about how you fully use it.
60 years ago, they didn't need all that and already beat the Americans.
http://en.wikipedia.org/wiki/Battle_of_the_Ch'ongch'on_River
In the subsequent battles and withdrawals during the period of November 26 to December 2, 1950, although the US Eighth Army managed to avoid being surrounded by Chinese forces, the Chinese 13th Army were able to inflict heavy losses onto the retreating UN forces which had lost all cohesion. In the aftermath of the battle, the US Eighth Army's heavy losses forced all UN forces to evacuate North Korea and to withdraw to the 38th parallel.
In the aftermath of the battle, the US 2nd Infantry division was deemed to be crippled and Keiser relieved of Command.
The Turkish Brigade had also reported casualties with 90 percent equipment, 90 percent vehicle and 50 percent artillery losses,and the brigade was rendered combat ineffective.
The South Korean casualties could not be estimated due to the complete absence of South Korean records during the first half of the Korean War but according to Paik, the ROK II Corps' headquarters was forced to disband in the aftermath of the battle.
The following 120 mi (190 km) withdrawal to the 38th parallel is often referred to as "the longest retreat in US military history."
For its role in setting up the Gauntlet against the US 2nd Infantry Division, the PVA 38th Corps was awarded the title "Ten Thousand Years Corps" by Marshal Peng Dehuai on December 1, 1950.
At the UN, all hopes for a unified Korea were abandoned, and a ceasefire at the 38th parallel was proposed to China on December 11, 1950.
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