As much as Ras, Putin, and Company want to tout China, they don't realize how many enemies around China that they are and how China is losing ground to these other Asian-Pacific nations. China's biggest mistake was getting India angry at them. India was, initially, seeking friendly relationships with PRC but the two got in a border dispute (which is still ongoing) over basically useless Mountain regions.
India, today, as more population than China and is a faster growing economy.
Indonesia is another major economic threat. No one pays attention to this Island Nation but it has one of the largest populations in the world at over 270 Million people and has a growing economy.
The cheap manufacturing labor is moving from China to nations like Thailand, Vietnam, India, Indonesia, and Mexico who are far more Western-friendly and business-friendly.