I mean- yeah, the birdcage model has been supplanted by majority public ownership at this point, the same incentives that create the military industrial complex don’t exist- if you’d like, i would recommend reading “Economy and Class Structure of German Fascism” which can be a handy reference point for the US military complex.
Saying that China doesn’t have a MIC is a non-sequitur. The incentive is power. If acquiring or maintaining power in China requires military expansion, it will happen.
If you want power over another country, attacking them is a very inefficient path. You will take losses, and you won’t be able to take their resources intact. The easier and cheaper method is to just bribe their leaders into selling you whatever you want.
The US starts wars even when it doesn’t need to, because there are a handful of companies that stand to make a lot of money selling weapons. No other country has such a large and influential military lobby, so other countries tend not to start wars for private profit.
