You can't consider numbers as part of system, first. When you said system, I was more thinking about the F-35's integration with the E-2D AEW&C, which is superior to anything China has right now.
Another factor is that the US is planning to have around 2000 F-35. If 60% of the F-35 fleet is deployed to the Asia-Pacific theatre, that's about 1200. If we assume the goal of the J-20 is to achieve a 2:1 k/l ratio to F-35s, then 600 J-20s could suffice to neutralize the F-35 fleet, and another 400 to neutralize the F-22s.
China's current military budget is about 40% of the United States', so an equal expenditure into J-20 numbers would give China about 400 J-20s, about 33% less than needed to counter the F-35 presence in the region. This assumes a cost of $80 million per unit for the F-35 and $150 million per unit for the J-20, reasonable considering that early J-10s cost about as much as comparable F-16s without AESA.