Do the Chinese Understand

That this makes the Nobel people look like they made the perfect choice?: "China Urges Europeans to Snub Nobel Ceremony":

China is pressing European governments to boycott the ceremony awarding the Nobel Peace Prize to the Chinese dissident Liu Xiaobo, warning that the award interferes in China’s internal affairs and that Mr. Liu is a criminal

That's one reason why I'm not entirely afraid of China, because they are terrible members of the international community, and that stuff does matter. Just like in ordinary micro-economics, you may have the best product, but if people don't respect you, they will choose every excuse not to deal with you.