What impact does China have on the world today?

Answer 1

Red China is a major communist nuclear armed nation.

This is a narrow redneck view from the cold-war. China is the world's second largest economy providing the world with cheap consumer goods which has had the effect of reducing inflation especially in the western world. By buying US government bonds it has kept that country from going bankrupt.

Its need for raw materials has led to economic booms in countries as diverse as Brazil and Australia. Things have not been so good for Africa where their behaviour has been no better, perhaps worse, than the old European colonialists.

At home China remains a repressive state still ruled by the Communists.