The Chinese Hegemon

Chinese Move to Eclipse U.S. Appeal in South Asia Jane Perlez

...across Southeast Asia and the Pacific...Beijing is making a big push to market itself and its language, similar to the way the United States promoted its culture and values during the cold war. It is not a hard sell, particularly to young Asians eager to cement cultural bonds as China deepens its economic and political interests in the region.

An administrator at a Thai university says,

People here are talking of China and economics. People don't care about democracy now.

While China's becoming more important, I don't think the US has that much to worry about, as John Pomfret tells us via The Peking Duck. However, Taiwan probably does.