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I think we need to consider the identity of the term "China" when addressing this question.
There can be no question that the British people, for example, regard Chinese people (such as the 350,000 who live and study in the UK) with respect, as hardworking, law-abiding and family oriented people. Indeed, Hong Kong has always served as an impressive beacon of Chinese success to the British people. (I don't, for one second, attribute the lion's share for HK's economic success to that island's former colonial masters.) So, the inter-personal relationship is fine.
But the political scene is more problematic, as the Ch authorities have not endeared themselves to Western public opinion, following events in Beijing in the late 80's and the SARS fiasco of 2 years ago. However, I think there is a growing awareness of the great strides China has taken since it (effectively) renounced radical com munism in the 70's, and an expectation that China will take it's place in the community of developed, democratic nations, in the future. Certainly, the dominant attitude in Europe seems to one of contructive engagement with China - as evidenced by the imminent relaxation of the EU arms embargo.
I see a bright future of co-operation and mutually beneficial relations between the Middle Kingdom and Europe.