Bachmann's References to Chinese Issues

I am no supporter of Michelle Bachmann but there was a basis in fact to the references she made regarding Chinese counterfeit chips and the underground submarine base. From my perspective it never pays in the long-run to underestimate the capabilities of a historically powerful nation like China. It is one thing to underestimate Iraq or Libya. It is another to underestimate the capabilities of a nation that is potentially a military and economic power equal to or greater than the United States.