I can't be the only one noticing so much noise about China in American media. Is America really so scared of being number 2?
Of course. Our entire national psyche has been centered around American exceptionalism for at least 70 years. Scared isn't exactly right. We're very rival focused, I would say. It's China now but there was a time when it felt like Japan would control the electronics industry, for example.
China isn't so much rising, as they are preparing for the inevitable collapse of the US Empire.