China will truly be a real threat to the US in all areas, although in some ways they still depend on other countries but their mission is being carried out, maybe in the next 10 or 20 years the big impact will really be felt. Currently China's position should not be underestimated, they have released several superior technologies and their trade strategy policies are also very great. So even though the US still dominates, China will be a serious challenger and they are ready to rule the world.
The impact of China's rise in several important aspects has indeed been quite visible at this time because China does not depend on more other countries to be able to advance itself, especially on the US so that China no longer saves or uses US dollars in any case because China can use its own currency to make everything they want right now. I also agree with you that in the next ten years the development of technology and China's power in terms of trade will increase so that it can threaten several other countries not to develop properly, especially for America.