I found an article worth reading from the Wall Street Journal about the US financial weakness and the opportunity for China to gain relative strength in influence and economic power.
As a whole, I tend to agree with this thesis. China has the resources, specifically people. They have a huge young population that is moving to its cities. They are also a nation of producers meaning they will always be exporting goods, or at least until someone makes them cheaper. I've heard Jim Rogers say time and again that selling China today is like selling America in 1908. I believe he's right.
Article: U.S. Woes Open Door for China
Source: Wall Street Journal