China's territorial goals - aggressive claim line in India (but that leaves out all but ~1 million of its people). All of Taiwan. Nine-dash (that it already possesses). It has settled all other disputes (a lot of them) peacefully. Not good, but not quite regional conquest
I'm not arguing the PRC is going to bully US democracy. I am arguing that Americans broadly understand they have an interest in also not letting the PRC bully Japanese, South Korea, Taiwanese, or Australian democracy.
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In part because the system of liberal democracies as it exists right now is largely back-stopped by a collective defense whose lynch-pin is the USA's commitment to defend liberal democracies abroad and to coordinate collective defense.
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Something that seems all the more relevant given that the 2016 election-interference-experience seems to suggest that even from a purely non-ideological perspective the non-democracies have recognized an interest in de-consolidating the democracies.
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