Is China not a uniquely threatening force? They have the second largest GDP, the second-most expensive military with the most personnel, considerable influence

Is China not a uniquely threatening force? They have the second largest GDP, the second-most expensive military with the most personnel, considerable influence over other important Asian countries, and a major role in manufacturing the world's products, and they continue to rapidly expand across all of those facets. They are very much in opposition to Liberal values (free speech, democracy, privacy), and they are somewhat aligned with other US adversaries (Russia, North Korea). In 1910, I'd absolutely attribute focus on China to racism. Today, if I were to rank the biggest threats to US for the coming decades, I would put China in distant first place. But I'm no geopolitics expert, am I missing something?