I disagree. China is a major threat and the longer that threat is ignored the worse it will become. Unless we start turning it around right now.
Earlier in my career I worked for a number of Hong Kong expatriates who were clients of mine in the real estate business in Canada. To a man, they would laugh at the idea that China would ever be a threat as a dominant global power. They described a Chinese culture that was so corrupt, dysfunctional and backward that it didn’t even have the most basic foundations of a strong global power.