They have invested in building a huge dish, that's true, but they also want to build a pretty big optical telescope (though that project is somewhat stalled due to political infighting in the community [1]) and there is talk of a big collider experiment as well.
I think there is in general just a push in China to get world leading science experiments, and the simplest way to reach that is to build the biggest of something.
In contrast, if they primarily wanted to do radio astronomy science they would probably be working on getting to be part of the Event Horizon Telescope, China could really fill a gap in their coverage.
Some more data points: the US is member of ALMA but left SKA. China is a member of SKA, but not ALMA. I guess not being part of SKA is a pretty telling omission by the US, and it was mostly money related as I understand it.
In reality I think this is more a case of the US government having a waning interest in radio astronomy, possibly as a result of the optical astronomers stealing all the money to the three huge telescopes they plan to build: LSST, GMT and TMT.
[1]: http://www.sciencemag.org/news/2017/06/spat-threatens-china-...