Yet where the internal effects of China's growth are unsettling, the external effects are potentially destabilizing. It is hardly a harbinger of peace that the Chinese military - with no foreign enemy in sight - eagerly snaps up whatever high-tech weapons a cash-hungry Russia offers for sale. And the world is confounded by a Chinese trade dragon that exports like a capitalist but imports like a Communist. The world must find new ways to meet the challenge of this emerging power.