Bayern Munich coach Pep Guardiola says he is not taking the Club World Cup lightly as his European champions prepare to face China's Guangzhou Evergrande in the semi-finals today. Guardiola has already enjoyed a glittering coaching career and is the only boss to have already won this competition twice, in 2009 and 2011 with Spain's Barcelona. And even though his team come into the competition as overwhelming favourites, the Catalan is not taking anything for granted. "This tournament is very important, very prestigious. It's not easy to qualify for it, nor to win it," he said. Guardiola is an intelligent and capable person. We've seen what he's done with Barcelona and Bayern, he's changed teams but kept on winning Marcello Lippi on his rival "There are only two matches, the semi-final and the final, and simply put, we have to win them. "You don't have the good fortune to take part in this competition very often in your life as a professional footballer and I'd like to express my gratitude to the team and [predecessor] Juup Heynckes because thanks to them I am here today." Although he has won the Champions League twice, the Spanish title three times and even managed a treble including the Spanish Cup in his first season as a coach, Guardiola will not be the senior figure in the dugout today. Opposite him will be Italian 2006 World Cup-winning coach Marcello Lippi, who reappeared in China last year after a two-year hiatus following his second, and unsuccessful, spell in charge of the Azzurri. For all Guardiola has won, his résumé does not yet match that of Lippi, who led Juventus to the 1996 Champions League crown and five Serie A titles, before doing the league and cup double with Guangzhou in his first season, with a league and Asian Champions League double in 2013. Yet Lippi himself has been impressed with the younger coach's career so far. "Guardiola is an intelligent and capable person. We've seen what he's done with Barcelona and Bayern, he's changed teams but kept on winning," said the 65-year-old. "He's brought with him his philosophy of play, slowly but with sureness." Lippi knows his team, the first Chinese participants in the competition, have little chance of upsetting the odds, even suggesting they have a 1 per cent possibility. If Bayern do win the tournament, it would be their fifth trophy of the year having won the treble of Champions League, Bundesliga and German Cup back in May and then added the European Super Cup in August. The winners will face either Atletico Mineiro of Brazil or hosts Raja Casablanca in Saturday's final. The second semi-final takes place tomorrow, with Raja's Ivory Coast match-winner in the quarter-final, Kouko Guehi, particularly looking forward to facing former Ballon d'Or winner, Brazilian Ronaldinho. "Ever since I was a child, my dream was to see Ronaldinho in the flesh and to play against him. It's huge."