I think this is very cool, I tend to get emotional when space flight is concerned for some reason. China is the third nation - after Russia and the US of course - to launch a person into space on an indigenous craft. Of course, they did get some help from the Russians in developing the capsule, but it is really largely their own work. And the Long March rocket is their own design.
China is really a power to reckon with. They're already planning a new heavy lift booster capable of putting an orbiting lab up around 2008.