Earlier quoted context omitted.
There is still the threat of WW3...
Nuclear war, maybe. WWIII would require two global superpowers, not a global superpowers and a country with the GDP of Greece that's struggling to remain a regional power.
Luckily despite the last ten years of decline in relations and shift in China's positioning, the PRC still seems mostly motivated by trade rather than dick-measuring contests. Let's hope that continues.