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Could be at this moment, yes. But I think the same thing is destined to happen in China as people try and protect their fiefdoms and economic moats. Perhaps they are a generation or two behind, but what goes up must come down in a sense.
Yes over time as Chinese citizens will forget The Opium Wars and the one hundred years of humiliation followed by the trauma of Maos era. As wealth breeds entitlement and citizens demand more and more 'rights' and as power corrupts, China will face the same tendency that has corroded western civilisation. But remember western civilisation has dominated the planet for 500 years in a series of iterations and China has a strong cultural bias toward stability and long experience in and belief in its centrality and 'right' to dominance.
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