Not yet,at least after 15 years
China is ahead or Russia in regards to Navy. Russians have better SSN/SSBN submarines such as Borei and Yasen-class. However, everything else, China is better. China has a good number of stealth destroyers, frigates and Corvettes/missile boats. In addition to all this, China has a lot more SSK submarines.
On paper, Russia has more SSN/SSBN submarines, but all of them are from 1970s and 1980s. Russian Kilo-class SSK submarines are not even upgraded, but standard. There is no Lada-class sub in the horizont yet.
I hope of course that Russia will be able to produce more stealth ships, since Russia and China are strategic friends and partners, but a lot of job is needed to fix this.
So in regards to the Navy, besides excellent subs such as Borei and Yasen-class, there is nothing else Russia has an edge in, in regards to the Navy.
We also have to take into the account, how many of those old ships would actually be combat ready. After 20 years of neglect, it's hard, so it's better to build new ships, so I hope Russia will be able to do so.
The same goes for Russian Air Force. China has a lot more 4+ gen fighters combat ready and upgraded compared to Russia. Once again, I hope Russia will be able to fix this, because it's in Chinese interest to also have strong Russian friend and partner.