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Germany never sought a global empire until it did. America never sought a global empire until it did. China has global interests due to its size and power. Power and world hegemony is seductive for anyone.
China's backyard is extremely valuable real estate: South Korea and Taiwan are vital for chipmaking. Intel is a laughing stock, knocking out Taiwan would rip out the spinal cord of the US economy. There'd be an instantaneous economic crisis in the USA, China supplies America with enormous amounts of goods. Not just cheap plastic, everything from medical precursors, machinery for ports and microelectronics for missiles comes from China. Everyone keeps going on about the fragility of the Chinese economy, I think it's the complete inverse of reality. In manufacturing they produce about as much as the US, Germany and Japan combined. They have the biggest trade surplus in the world because their economy is productive, not because it is fragile and weak.
And it's the same with demographics. The second most births in the world behind India, more than double the US birth rate? A population as large or larger than all Western civilization combined? Absolute size is what's important, not proportions.
If China wins a convincing victory in Asia, they can brain-drain the remnants of TSMC, subordinate South Korean industry and secure first place in high technology. The world would be their oyster. I agree that we have much to learn from China but their competence is precisely why they are threatening.
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