Word: ordering
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...China benefits from the global system of international rules and laws developed since World War II and institutions like the World Trade Organization. In return, having acquired a stake in this system, China would realize that it is in its own enduring interest to support the pre-existing global order. (See pictures of U.S. Presidents in China...
...misplaced. Capitalism with Chinese characteristics places far more power and wealth in the hands of the state sector than what has ever occurred in countries such as Japan and South Korea. Beijing is nurturing state-owned champions to dominate domestic markets and crowd out the private sector in order for the Chinese Communist Party (CCP) to keep its economic relevance, privileged status in Chinese society and hands on the country's wealth. This means the CCP does not believe sweeping economic, much less political, liberalization is required for China's continued rise, let alone that it constitutes the endgame. (Read...
...Western approaches. Therefore, foreign criticisms about poor progress in economic and political reforms do not apply. Moreover, Pax Americana in Asia has been an aberration in existence for only six decades. In contrast, in Beijing's view, the return of the Chinese civilization-state simply restores Asia's natural order...
...Zedong have termed China's return to "dignity," a reference to the country's re-emergence as a great power in Asia. But even though other Asian states welcome economic opportunities offered by China's rise, the vast majority prefer the preservation of Pax Americana. The American-backed order has hitherto offered protection for smaller players by binding more powerful states (including the U.S. itself) to agreed rules of behavior and processes of dispute resolution...
...Asian states worry that an alternative order based on the superiority of the Chinese civilization will eventually become hierarchical. A still insecure and internally weak China has largely pursued win-win economic relationships to appease a nervous region. But if its domestic example is anything to go by - where the authority of the CCP to wield power and control resources is absolute and dissent is harshly treated - a dominant Middle Kingdom might show little future restraint in the relentless quest to enhance China's national power...