Really? Let's see: North Korea has been in the orbit of the Chinese since the 1950s and the latter pretend to convince the rest of Asia that the US can't control the former? If China tried to convince its own people I'd believe it, if they tried to convince the North Koreans, I'd believe it too. But, the rest of Asia? The US State Department? THAT alone is enough to convince me that Asians aren't particularly smart. Because from here it looks like the ones that can't handle a small rogue nation is China not the US
Sure I can believe the Chinese expect to surpass the US in the middle term. Hell, during the "commodities boom" of the early 2000s, it was widely believed that it would happen. SPECIALLY during the worst years of the Great Recession. Remember how everyone was worried because China owns about US$ 1 trillion worth of US External Debt? They still do, nobody seems to care these days though.
However it has hit several snags.
- There's their problem that they have an European-Level aging population problem about to hit them. And that will take VERY long to get rid of.
- Then there's the fact that due to the combination of their own stupid economic policies and the sanctions on Russia, the EU economy is literally frozen. While your both sides of your Political Aisle have had a gran ole time bitching about how much of your finished goods are either bought or made in China. The proportion of that in the EU is a lot higher. So if the EU buys less the Chinese economy slows down. Just ask Australia, their economy is slowing down because China is buying lots less. Globalization is triple edged sword
- And of course there's China's attempt to get in the Backyard of the US (that would be Latin America). A very significant portion of the chunk of change they threw in Latin America was sent here in Bananaland. Right now it looks like they're not going to get their money's worth. Now, I'm sure that in the long term they won't lose money. But, from the looks of it. Most of South America is going to flip back to the US. Argentina and Brazil (the biggest players in the region) already have. Chile always took a "hands off" attitude. Ecuador is walking a tight rope as not to end up like us. The only countries other than us that are still in their camp are Bolivia and Nicaragua. THAT certainly should throw a monkey wrench in their plans for securing our Raw Materials for themselves. Because the other alternative is Africa, and I don't think they'll be any more successful than the West in lifting them out of their mess enough to be a reliable supplier.
- This is not to say that the Chinese will crash and burn. If only because they just bought US$ 1 trillion worth of Boeing passenger aircraft. But taking the place of the US? Maybe in a couple of generations if they don't screw up in the way.