From last chapter:

Xi Jinping offers the “China Model” as an alternative to neo-liberalism in the emerging world order. It is clearly an alternative to the philosophy that Joseph Stiglitz described as “of the 1%, by the 1%, for the 1%”. It also offers a political alternative to liberal democracy. In an emerging world order with liberal democracy in crisis due to its failure to guarantee equality, China’s technocratic efficiency in promoting social equity may gain ground as a competitive alternative paradigm. China’s successful development model resists the neoliberal Washington Consensus, and both the success and the resistance lend China soft power in the eyes of the Rest. The US intelligence community has recognised the decline of America’s ability to impose its will on the world or to maintain its dominance over both the Eastern and the Western hemisphere and is calling for new strategies to protect US interests in a world no longer dominated by the US. Donald Trump and his supporters are not listening; they are worried about short-term electoral results, a problem that does not impede Xi Jinping’s leadership of China’s long march to centre stage. The latest Global Trends Report of the US National Intelligence Council describes the shifting nature of the world order as an ever-widening range of states, organizations, and empowered individuals that will shape geopolitics. It concludes that the emerging global landscape represents the end of an era dominated by the US, and that any US attempt to impose order would fail. The report acknowledges the obsolescence of Cold War and Westphalian paradigms and tries to imagine new models for a changing world order.

Today, as in the past, China has opted for trade and commerce as the means to maintain a peaceful and stable world order, rather than expansionism and military dominance. China says it can offer a win-win situation in the new era that Xi has proclaimed: the creation of an economic interdependence based on equality, mutual respect and mutual profit. China wins in this situation, but so do its partners. Xi is confident in China’s ability to become the “alternative” to the Western neoliberal model in the emerging world order that China will lead in the 21st century, a Pax Sinica. For the time being, at least, China proposes a diverse and multipolar world as an alternative to US/NATO hegemony.