Another poster says:
China only has a major economy because the world uses them to make cheap crap to buy.
There's no doubt that China became the world's factory. But, they make what other people order from them. If any nation has Chinese "cheap crap," its because that's what your fellow countrymen think you want (or, can afford).
But that's changing. Wages are going up, and factory production is going down (slightly). Is it part of a plan? Maybe. In 2008 I first noticed that the authorities in Guangzhou were closing down small 'cheap' manufacturing factories, telling them to go to Vietnam or to west China. With around 350 million people with a living standard not too different to the UK/USA, service industries are starting to grow.
More sophisticated products are also being made and sold. In Sydney, I travel to my universities in modern, 'made in China' trains. Boston commuters will soon do the same, as are commuters in many other countries.
As Metatron observed:
China exceeds the US in international trade and is building high speed rail to connect the world. Their influence is there but less noisy than the US.
You can now ship goods to Europe by train, rather than ship.
Yesterday, the Thai Parliament approved a bill, permitting China to build two new railways in Thailand. A few weeks ago the Indian and Chinese governments set up a planning project to build a new rail link into India. A few weeks before that a Lhasa and Xigatse (in Tibet) rail link commenced operation. Work will now commence on an extension that will eventually provide another link into India.
The day before yesterday the Nigerian government gave an order to Chinese companies to build a new 1400 km long railway along the Nigerian coast, for twelve billion dollars. (Link: http://www.reuters.com/article/2014/11/20/us-china-railway-construction-nigeria-idUSKCN0J40C420141120 ).
Within China, starting 2007 a 15,000 km network of highspeed (200+km/hour) trains has been built, and new sections are being added all the time. By 2020, there will be 20,000 km of hi-speed trains, many of them operating at 300 km/hr. For example you can travel, Beijing to Shanghai in approx. 4 hours, making it competitive with air travel (2 hours airtime for the same trip).
And that only starts to describe what's been done in the rail field by China.
Militarily China is still not up to par with the US/UK military. If any major confrontation took place China would be taking on both the US/UK military. China is only where it is at because they let the US/UK have military dominance, and don't waste lot's of money on supporting a worldwide military influence.
Do you think that the UK forces are worth much?
(162,550 Regular and 28,860 Volunteer Reserve personnel.This gives a total strength of 191,410 Service Personnel.)
And, of course, if there was a major global confrontation, who do you think may be fighting alongside the Chinese. Recent developments in the international field, linked to Obama's obsessive hatred of Putin (probably because the Russians foiled US plans to destroy the Assad government in Syria) have pushed the Russians into greater co-operation with China. They have now agreed to sell any of their often excellent military equipment, including fighter planes that are likely better than the overweight, overcost F.35s to China.
No point to go on, with this 'whose got the bigger phallus,' type discussion.