Rise of China....is the west doomed?

[Kantor]

China (PRC) doesn't even have the second largest economy in the world. That's Japan.

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

If you include Taiwan, China just about rises above Japan, which, when you consider that Japan has a tenth of the population, a tiny fraction of the area, and very few raw materials, and that this is still a third of the economy of the USA, isn't overly impressive.