I could fill up say a book the size of war and peace on the evils of the chi-coms. Not just a few points in a reply.
They are the enemy and it will get much more competitive as they need more oil to fill their economic expansion.
Folks around the world view america as expansionist but at least we do so economically. Take a look at Nepal and formosa and even viet nam in the past.
China doesn't fool me. I wouldn't trust them one bit.