I believe that many people think that sometime in the future China will be the world's 'bastion' of economy, stability and enduring progress. This would have been the case except for the Great Financial Crisis of 2008 that is still rolling like a slow wild-fire through the West without any sign of abating...but, au contraire, growing more profound.
The reality is that China IS the bastion of world economy, stability and progress now and will remain so for many, many, many decades to come; I'd guess at least a hundred years easy.
Reality does take time to work its way through filters and blinkers, assumptions and the like, but it's best to acknowledge it as time goes by. It's best for everyone to acknowledge reality even though it may not have been what we expected to happen so fast. Especially still in the grip of 2008, the West is slow and then backpedalling.
China is fast, on track and doing well. As for the West, it is in an almost planetary sized illusion of the date being 2007.
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