I agree with you, today we have them. What about five, ten years from now? With a failing economy here, and rising there will that be the case then? I don't know. They don't just produce items such as computers and other electronics, they also gain technology.
One thing you have to remember, Germany had Russia as far as technology goes. But technology only goes so far when you can throw millions of people at it. We have better guns, they simply have more guns. If China wanted, they could probably march into any country they wanted and everyone would be too scared to say something about it other than issueing some economic sanction that doesn't work.