China overtook Japan in 2010 as the world's 2nd largest economy, by 2030 expected to exceed the US, China has vast power and resources for expanding their standing in greater Asia, China now has a vast middle class, political stability, modern infrastructure, soaring exports, enormous trade surpluses, vast capital reserves, substantial and versatile manufacturing sector, leading trade partner for India, Pakistan, Iran, Indonesia, Japan, Malaysia, Australia Taiwan and Mongolia.