I think imperialism is imperialism. Asian imperialism is also Asian imperialism. Is it bad? Well only if it's bad imperialism.
It's not as bad as the last century, if that's what you're trying to hint at. There really isn't any 'traditional' imperialism anymore.
I'm not an expert on Globalization, but the general trend is that developed countries are growing exponentially while developing/third-world countries are getting screwed by the rate of technological advancements and the internet.