The neoliberalised west enjoys the legacy financial system hegemony it has built over the last 500 years. But it is a double edged sword and less secure than you may think. Most of the US GDP is derived from financial derivatives, mostly debt(mostly via its petrodollar exceptional privilege) and military hardware exports. Debt and Death. Financial markets are where the west still has a substantial lead over China. no doubt, but in terms of productive capacity and efficiency China is well ahead. Take electricity-

China has not yet developed financial markets of any size and what is developing may or may not be visible to legacy western institutions that remain the source of most data. China already enables trade payments settlement for Iran and Russia and others outside of the petrodollar/USD/SWIFT/IMF network and the data for this is not readily available.

The dominance over financial derivatives that the US/west still enjoys is rather a fragile thing as any understanding of the GFC reveals. It was Chinas mercantile economic strength that kept the legacy IMF systems viable post GFC- this is why China was invited to join the IMFs board of reserve currency issuers and is the only member of that board that is not both monetarily and militarily subservient to the US.

Monetary and military infrastructures are highly aligned. The US cannot now fight a war of any scale without China support and supply of rare earths.

Looking forward to your reasoned response to these facts and issues.

Silence.