The scary thing to me about China, is its potential. Currently it leads the world in manufacturing but just wait until it becomes a service oriented economy because that is when the money will be made. If you want to read an article that articulates the difference in economies it is this one here in the NY Times. The story is a simple compare/contrast on the music industry. It is something that is so puzzling to me, the popular musicians here literally all sound the same. If you were to close your eyes you would think that they only release one album about "love".
When they decide to respect intellectual property law you will see this economy explode (as if it is not already).
Good Night and Good Luck