People cognizant in the 1960's, 70's, 80's, or 90's, what was the perception of China?

Early aughts in international relations class they were still teaching students about China being a “sleeping giant” just beginning to come into its own economically speaking. At the time it was emphasized that they had a huge army but it was not well trained in combat. Tianamen and the transition of HK were in the very recent past so it seemed China was more interested in managing internal divisions than challenges on the international front.