In fact, they feel that China has been thrust onto the world stage earlier than it was prepared for.
But Europe is likely to feel the force of China's outward expansion earlier than America.
ECONOMIST: Capital and companies from China are sidling into Europe
Certainly, China will feel some pain, particularly because the economic slump in Japan and Korea will hurt demand for Chinese products.
"I think most Chinese do feel that things are going pretty well in China, economically at least to date, " said Orville Schell, director of Asia Society's Center on U.S.-China Relations.
Already software writers feel salary pressure from India, cartoon animators from China, classified ad salesmen from Ebay and so on.
But reaching that goal isn't easy for Chinese entrepreneurs who pulled themselves up by their bootstraps and have little feel for the tastes and demands of consumers outside China.
Many Latin Americans feel their hand would be strengthened if they bargained with China as a block.
Meanwhile the Chinese industry is growing, and big foreign suppliers feel that they need to establish their own operations in China now in order to remain competitive, rather than wait for a political settlement.
Even though China is not Europe, all of Asia will feel the effects of a meltdown on the Continent.
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To ensure that the middle class continues to grow, China needs to have an environment where people can feel safe and secure to pursue their dreams and aspirations, and a system that is fair, just, and provides opportunities for all, not just for the privileged and connected few.
The Darden school at the University of Virginia launches its GEMBA in August this year with a clear aim to bring students to the five key markets they feel will figure most prominently in shaping business in the coming century: China, India, Brazil, the US and Europe.
Also, stocks are owned by a much smaller portion of the population in China than the U.S., which means many fewer people feel the wealth effect of a rally.
Next to the giant panda, Yao is perhaps China's best known and much loved, icon, in part because exudes a wholesome, feel-good image.
We feel that nothing could be better than the opportunity to produce in the targeted consumer market itself, in this case China.
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