What Does This Mean To China?

Recent world events have had me thinking about what the future could possible hold for China in this "new" world we appear to be birthing.

One of the first things that comes to mind is inflation. China is currently bearing the brunt of much of the world's inflation and the rising price of oil is only going to make matters worse in this regard. Margins are already razor thin in China and manufacturers are having increasing difficulty finding workers willing to slave away for next to nothing. Can China handle any more inflation?

I've also been thinking about the many news stories I've read over the last couple of years on the ever increasing amount of world resources China has been gobbling up. What are China's investments in Northern Africa? Will the new governments be nearly as accommodating as the recently disposed despots? What if the people of these countries decide to take a hard look at the agreements made between their overthrown governments and China. What if they decide that because those resources were sold to China by a corrupt dictator, they are no longer valid? China is well known to have purchased resources all over the world with little to no benefit to the local people.

China may be furiously updating their military, but even in the most optimistic scenario, it will be quite a number of years, before China is going to be able to project it's power beyond it's own border to protect those resources in the need ever arises. With total US supremacy of the worlds oceans, could China even protect their international resource if they wanted to?