The threat of China is not military. The threat of China is they can't be intimidated... Europe you can intimidate. When the US tries to get people to stop investing in Iran, European companies pull out, China disregards it. You look at history and understand why - they've been around for 4,000 years, they have contempt for the barbarians, they just don't give a damn. OK, you scream, we'll go ahead and take over a big piece of Saudi or Iranian oil. And that's the threat, you can't intimidate them - it's driving people in Washington berserk. But, you know, of all the major powers, they've been the least aggressive militarily.