I think there's good proof that the economy in the ''West'' and obviously in China too is running out of steam. Look at the debt spiral, rising poverty in the US and Eurozone and like You mentioned military conflicts. Try to compare the status quo with,let's say, the 90s. Real wages are coming down, asset inflation evaporates the middle class. What we need is re-calibrating the time horizon of the obvious decay. The political class will consume and spend anything before people realize that it was there life and work that went through the commie grinder. There still is a looot of capital to confiscate and money to be debased. I don't see a systematical change in this decade. But it's coming like the next hurricane.