I have one thing to add to what my neighbour just said.
This is not something that suddenly popped up. China and Asia have been very powerful forces for decades already. In the global economy, the interdependencies are huge, so your point is spot-on. It's not a bloc that you can ignore, because the interdependencies are so huge, even within the U.S. or Europe and China.
I totally agree with my neighbour that a long-term investor should be an active manager and should spend the time and the effort to really understand the value chains and business models to get a better grip and a better understanding of how things work and where countries have an impact or do not.