I'm not talking about that. China's policies lead to the destruction of their currency. That's why their inflation level is so high.

The world would be in a much better place without currency manipulation.

But they want that, and the lower levels of tradability means that it's not going to hurt the way that high inflation otherwise would

I'm not saying i approve of their strategy, but their unique approach to economics affords them certain immunities. Like how they've stopped their real-estate bubble from popping by pure fiat.

A Third Industrial Revolution?
http://www.economist.com/node/21553017
http://www.economist.com/node/21552901

A Chinese dominated world may mean Western workers will have to work longer and for less in order to compete....unless Chinese labour laws become more like those in the West.
http://www.channel4.com/programmes/china-triumph-and-turmoil/episode-guide/series-1
http://www.channel4.com/programmes/civilization-is-the-west-history/episode-guide/series-1

Which I imagine they will.  While China and most of the east's philosphy has been shaped in a more state first/collectivist philosphy in Confucianism versus Western Civilization which was mostly shaped by Abrhamaic religions focus on the self...

There still has to be a breaking point.  Afterall that is how the current "Communist" party came to power.

I wouldn't say it's Abrahamic religions that make the West more of an individualist civilisation. If anything the Abrahamic religions made it more collectivist especially at a time when the Church used to be very powerful before separation of Church and State become the norm. After all Christianity is an Eastern import. The individualism stems more from classical Greek philosophies and the Renaissance period than Judeo-Christian teachings.

The Western world was full of bickering city states and relatively speaking small countries compared to the large empires of the East. Notable exceptions of course include the Roman Empire and the Seleucid Empire. It was relatively recently in history (16th century onwards) when the West really took off and left the rest of the world behind in science and technology did it gain large Empires and those conquests were treated as more of a colony than an integral part of Empire if you will. The modern individual nation state is a very Western oriented idea too.