Does China give the rest of the world reasons for fear, in political, economic and social terms?

Question

Or is "Terror from the East" merely a myth?

Answer 1

economic - economics is not a zero some game so they can do well without the US doing badly. However they will become an economic power in Asia which will reduce the dominate position now held by the US and Japan
social - cultures are enriched by contact not harmed
political- historically China has not been as aggressive as most societies, but strong economic powers always pose a potential threat.

Answer 2

it really depends on the changing dynamics between the communist party and growing middle class in China. the people have been exposed to western culture, and they like it. this trend, all things being equal, would imply an smooth transition from growing power to a collaborative relationship with the U.S. as a peer.

however, the com. party in China may want to hold the mantle of being #1, and thus may encourage their people, through various state controlled means, that the west is a threat of some sort and enflame dormant nationalism in the people, encouraging a more aggresive stance towards the west (read:U.S.).

With the wealth and influence of the middle class growing, the may voice a desire for more control in politics, changing the future of China.

Answer 3

Politically, can't comment, due to lack of interest in direction.
Economically, certainly big NO !, due to Quality and Reliability factor. Socially, the new generation is open rich inheritance, establish age old culture in China, with different blend and taste.