China and Russia Poised Forming an Economic Counterbalance to US Power?

Not many bloggers seem to focus on China as a credible threat to the West: It's all Jihad and commies. But a historically power-hungry, exploitative (economically, resource and human-wise) nation like China is worthy of being warranted a closer inspection by us. It is indeed a threat, but a long term threat, and justly deserving of more attention and a closer eye by any Conservative/right wing bloggers or internet news source.