Yes, unquestionably, but it's not perfectly received. China is not seen as the great benefactor of the world, but they're seen as pretty useful.
It doesn't mean China is going to dominate, but it does mean that China is going to play a much bigger role. The balance of forces is changing. China and other non-western countries are much more important in this multi-polar world than we could have imagined even four or five years ago.