ATL Bear said:
Regardless of what Trump does, China is an up and comer and formidable, but nowhere near the Super Power they're trying to portray.
I agree with the gist of this assessment.
We have a long tendency to overrate economic/military threats in the US. On the economic side, there was a time not so long ago when everyone feared we'd wind up speaking Japanese. We feared Russia's military threat, even though they had nowhere near our capability to project power around the world. Now we do some of the same, on both the economic and military fronts, with China.
And China has plenty of problems of its own. You mention the economic ones. They're also sitting on a demographic time bomb that will go off when they feel the long-term effects of their one-child policy (not to mention the imbalance between men and women that is being created).
However, there are still a lot of serious reasons to worry about China.
The economic power outpaces their military power, and they are throwing their economic weight around. They're a huge force to be reckoned with here, even if their military is not there yet.
Up-and-comers tend to feel their oats and behave more aggressively toward neighbors. We went through that period ourselves from the 1840s to about 1900. China's aggressive behavior calls for a coordinated and calculated response, and we're not seeing one. Instead, this administration seems much more interested in isolating allies in the region like Japan and Australia.
Even more, we're withdrawing from world economic alliances, leaving a vacuum that China is happy to fill (which also means that more of the world will play by Chinese rules and values, or lack thereof.
American withdrawal from leadership at a time when China is growing and asserting its power is not a good combination of events for US interests. In and of itself, China may not be the global superpower we fear, but their power gets magnified when we take an isolationist response to them.