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I'll give you an example of what I mean.

I believe it was about 15 years or so ago that the Economis (not exactly America's friend) ran a cartoon in which Saddam Hussein sat astride a nuclear weapon, shouting loudly "We're a Superpower! We're a Superpower!"

The missile was tied with rope to the back of a donkey (or perhaps a camel, I forget).

The point was, simply, that possession of a nuke means nothing when your country cannot even produce it's own food, toilet paper or lacks even rudimentary mineral wealth and the means to turn them into finished products, with indigenous financing, indigenous industry and technical skill. (I will, however, give the CHinese credit for formidible technical skills).

So China has a nuclear arsenal? So what. If China launches nukes, we have the capability to turn it into a self-lighting, glass-topped parking lot for the next 1 million years. The damage they can do, by comparison, is puny (although it would be tragic).

So China has 1 billion+ people? So what. It's still a static society that had to reach outside of it's borders and heritage to find a political philosophy (invented by the same Westerners they despise, no less!). It's still a society in which repression (political and economic) is the rule. It is a society that demands conformity and does not unleash the imaginations and talents of those 1 billion souls. It is a country that still labors under the mistaken impression that it is the center of the universe, and that it's people are a "Master Race", while the reality is on display for everyone to see. China is a cardboard cutout with a glass jaw.

I laugh at China. I laugh even harder that those that fear it because it will collapse from within long before it has to be defeated from without.