I'm okay with China gaining jobs from us, because I don't see it as a big threat in the long run if we keep pace with history (maybe a big "if"), provided we all play by the rules necessary to work against too great an imbalance, like the one we're experiencing now.
The one good point is that, with the dollar rising against the euro and sterling (and, therefore, a rising yuan again the two), Europe should be able to grab some export stimulus, which, combined with gas prices stabilizing a bit after Katrina, should help the recovery that I think will begin in the not-too-distant future. Where's your motherf*%&ing flag pin?
