Among other possible reasons for the Chinese quilted uniform turning .30 Carbine bullets myth is the historical account of Andrew Jacksons duel with a crack shot.
Jackson knew he couldn't out shoot the other man and was likely to be hit before he could return fire, so he wore a loose heavy cloak to obscure his body position and stance.
When the opponent fired at what seemed to be center mass he scored only a serious flesh wound rather than a fatal wound. Jackson then calmly took his time and drilled the man dead center.
Bulky clothing on a skinny soldier could result in bullet passing through the uniform jacket without touching flesh, or only grazing wounds.
Use of opium before going into battle could also deaden the pain of relatively minor wounds.
Since some effective body armor was available to the Chinese, thats another factor to consider.
Heres some info on body armor available during WW2.
http://history.amedd.army.mil/booksdocs/wwii/woundblstcs/chapter11.htm
Besides Soviet surplus breastplates and armor left behind by the Japanese there'd be many U S flak vests taken from U S casualties and prisoners.
Silk waste packing in those quilted jackets would also offer some resistence to projectiles.
I don't know of any centerfire rifle cartridge other than the short lived .22 WCF and the various European rook rifle and velo dog cartridges adapted to rifles that could not produce a fatal wound at close range.
PS
Tests of the plastic 7.62 bullets used by the U S Army showed they would penetrate an automobile fender and produced wounds similar to a .357 magnum hollow point.