In some circles you can hear the threat of China ascendant discussed today the way people talked about the threat of Japan 20 years ago.
You reflect the ambivalence and suspicion with which China is viewed and add a sense of threat, now more immediate because of even greater dependence on credit from China in the global economic turmoil.
On a recent visit to Australia, Secretary of the Navy Ray Mabus downplayed the threat posed by China's rapid modernization of its military forces, highlighted in Australia's 2009 Defense White Paper.
In addition to the threat of hacking attempts originating from China, the work also touches upon the Chinese government's alleged involvement with network infrastructure providers such as Huawei.
But the scale of the threat was highlighted earlier this week when the chairman of China Mobile - the world's largest telecom carrier - said his firm was now more concerned about the challenge posed by Microsoft's Skype and Tencent's WeChat services than it was about competition from China's rival mobile networks.
In the longer-term, though, the opening-up of China is a threat to Hong Kong's dominance as a business centre.
The test is likely to reinforce perceptions in America of China as an emerging threat.
At the same time, Bioterrorism Security Assessment Alliance member Chris Redfield arrives in China, itself under threat of a bioterrorist attack.
The threat of an information-based war with China is particularly real.
Xinhua news agency says Mandiant's report "reeks of a commercial stunt", accusing US politicians and businessmen of hyping a China hacker threat for their own interests.
If the Iranians were to carry out their threat to blockade the Strait of Hormuz, China would suffer directly, through a likely surge in the oil price.
When India exploded a nuclear bomb in 1998, its defence minister, George Fernandes, let it be known that the arsenal was needed not so much because of Pakistan's nuclear ambitions as because of the long-term threat from China.
The gradual liberalisation of the economy from 1991 helped to motivate change, but the main catalysts were a slump in demand four years ago, competition from China, and the threat of markets being opened up by the World Trade Organisation.
"From our observations, it is one of the most prolific cyber espionage groups in terms of the sheer quantity of information stolen, " it said, adding that it was "likely government-sponsored and one of the most persistent of China's cyber threat actors".
In May, Fali Homi Major, then India's air force chief, said China posed more of a threat than Pakistan to his country.
China News Service quoted Deputy Chief of Staff Qi Jianguo as saying that China's main security threat was from the sea.
This phase of the growth of the industrial base of China will represent a major competitive threat to many companies.
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