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>but standards of living and of most economies will definitely decline...the stuff that you bought from china for really cheap wont be so cheap anymore

You've completely forgotten about automation. Within a generation robotics will make low cost labor obsolete. We won't need factories of Chinese workers to build our products; We'll have factories full of robots.

Also, I don't really care who has the most power. I don't care if America has the largest military in the world. I only want our military to protect our borders and police shipping lanes.

If China becomes more powerful than the west and my standard of living increases thanks to technology, I don't care. The only thing to worry about is chinese military intervention, but even if they have a significantly more powerful military our nuclear deterrents will prevent them from directly harming us.



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