@ invictus
"It beats communism. 100 million people haven't died because of American ideals." That is wrong. I can't actually remember the actual figures, but have a look to this documentary that I saw when I was living in Australia: http://en.wikipedia.org/wiki/The_War_on_Democracy. In that there is a count of the amount of people whose death is actually directly linked to USA military actions or foreign military actions backed up by USA government. I honestly do not remember if the count was passing the 100 millions, but it was certainly close to it.
About China: guys, I know that "socialism" or "communism" are kind of highly biased terms for US people (hence in US-English) and therefore are used in a very approximative manner, yet they refer to precise theories and vision of the society, so there is no doubt that China is not a socialist country. I quote from wikipedia: "Socialism refers to a broad set of economic theories of social organization advocating social or collective ownership and administration of the means of production and distribution of goods, and the creation of an egalitarian society where labor is the main source of wealth.". Now look at China: the means of productions are not in the hands of collectivity nor administrated by the collectivity, but mainly of private investors or lobbies of powerful people who exercise their power through "the party". A few years ago, the possibility to invest in China was open to foreign capital as well. China is probably the furthest ever from pursuing an egalitarian society: the "new riches" are getting more and more rich, while the progressive abandon of countryside by farmers is creating a huge mass of people whit no asset other than their own working capacity.
Now, I would not say that China is "capitalist" in the way the average US person would conceive this term. Yet, let's have a look to wikipedia: "Capitalism is the economic system in which the means of production are owned by private persons, and operated for profit and where investments, distribution, income, production and pricing of goods and services are predominantly determined through the operation of a free market, rather than by central economic planning". Now, this scenario applies far closer to China that the one described in the definition of socialism.
Some might object that China is not properly a "free market", yet: 1) my point is to underline how China is MORE capitalist than socialist, I am not saying China is the perfect incarnation of a capitalist society 2) USA and EU market are not free either: both of them heavily subsidise certain economical activities. For EU, the most blatant case is agriculture.
Besides, it is difficult to claim anything about the standard of living of Chinese people, as the control of the government on information is so strict, that even basic information such level of literacy or epidemics are - at best - guesses. Sure, if you split the GDP by the population, you will see an increase in the average, but the GDP says about quality of life about the same D-points say about a player's skill (sorry... could not resist!;)
Back on the topic, however: while I agree on the fact China is a rising power, I think it is unfair to compare it with USA or even EU. China is strong in economy, but its colonialist expansion has just started in Africa and a few other places, and has to do more with economic ties than with political/military links. Also, military- and diplomacy-wise, China is still very weak.
Wonderful thread, anyhow... it was a long time I could not find a so rich forum in terms of ideas, points of view and intellectual capacity. Thank you everybody. :)