And indeed the Bible does prophesy a great power rising in the Far East. But it's a power that comes with its own military against the beast (Revelation 9:14-16 Revelation 9:14-16 [14] Saying to the sixth angel which had the trumpet, Loose the four angels which are bound in the great river Euphrates. [15] And the four angels were loosed, which were prepared for an hour, and a day, and a month, and a year, for to slay the third part of men. [16] And the number of the army of the horsemen were two hundred thousand thousand: and I heard the number of them.
American King James Version×; Revelation 16:12 Revelation 16:12And the sixth angel poured out his vial on the great river Euphrates; and the water thereof was dried up, that the way of the kings of the east might be prepared.
American King James Version×). This could very well include China, perhaps in alliance with other regional powers.

China is a great power and is set to become even more powerful. However, it's clear that whatever strength it wields will be separate from the beast power that's to come.