At the United Nations, Chinese leaders once promised to the world that "China will never seek hegemony." China has settled all boundary questions with its neighbors through peace negotiations, consultations on an equal footing and on the basis of mutual understanding and mutual accommodation, it has never imposed its own will on others. So, from the perspective of security, the view holding that China, after it is developed, would constitute a threat to others is entirely groundless." China's rapid success is seen by Americans as a threat. But the U.S. is actually in a position to turn this shift into an opportunity to grow. China's rapid economic growth has changed the world and helped improve the world economy. In addition, the U.S. stands to benefit by learning from current Chinese values: a hardworking attitude, entrepreneurship, ambition,...

Moreover, to the extent that Chinese companies compete against American ones, the alarmists underestimate U.S. strengths.
References

Kurlantzick, J. (September, 2003). Are Chinese Companies a Threat to Your Small Business? Entrepreneur.

Lardy, Nicholas. (2002). The Economic Rise of China: Threat or Opportunity? Federal Reserve Bank of Cleveland.

Nolan P. (2004). Transforming China Globalization, Transition and Development. Anthem Press.

People's Daily Online. (August, 2005). China: Is it a threat, or an opportunity?

http://english.people.com.cn/200508/23/eng20050823_204164.html.