Yes China is rising fast, and seemingly from obscurity. To advance from the self-destructive days of the Cultural Revolution of only a few decades ago to a position of near world dominance is nothing short of unprecedented. What is in dispute is not the obvious facts of China's rapid rise but where it is all leading.
And no, China will not invade North America and there never was and never will be a 1000 year old plot to take over the planet by force. That's just insane.