Sincerely China is the most evil regime the world has ever had to cope with.
That's a bit much.
You should read into how European colonises other continents; how the US expand from their East Coast to California; how there's no more Aborigines in Tasmania; what Imperial Britain, Spain, Japan did to China... and we all have some idea of what Nazi Germany did to Europe and Russia and the Jews there.
The unfortunate thing for China is its political system meant it also does harm to its people and ultimately itself too.
Xi is saying he want to clean up corruption in China. If he's genuine he hasn't read history...
From my knowledge, the first guy that tried that was Lord Shang of the Ch'in around 300BC - he got torn, literally, to five pieces soon after the King, and his patron, died.
The other one was the last Emperor of the Ming - seeing his empire weakened through corruption, leading to civil unrest and external threats, particularly the Manchu... he tried to curb graft and corruption, collect proper taxes to the state and not to tax collectors' pockets... trying to strengthen China again...
End game was the Manchu walk into Beijing, get rid of the Li Royal family but otherwise kept all other Ming lower level officials and structure in place.
And of course the second-last Qing Emperor of China [Puyi's Uncle] - who tried to rebuild the Navy, the army etc... the dude died at 36 under suspicious circumstances.
-------
MacroEconomically, politically speaking, there is a limit to China's rise, to its potential.
Its political structure will mean continual social unrest;
Its large but aging population will probably mean some economic decline and possible social unrest resulting from its lack of social safety nets, pension plans, healthcare systems etc.
Its lack of IP, patent law and enforcements meant there's little incentives for Chinese entrepreneurs and inventors and investors doing R&D - this will mean it's just a place for cheap labour. And a labour, manufacturing intensive economy known for cheap knock offs and poor quality goods, poisonous food... cannot become rich enough to rule the world.
I heard from some lecture that "Japan got rich before it got old; China will get old before it get rich."
Ask any older Australians who hasn't gotten rich how their kids are treating them. Or how the welfare system see their years of service and contribution to society are valued when they can no longer keep on contributing.
Militarily, economically, China is not as rich or as strong as it and the world thought... yet it already starts to flex its military muscles and upset pretty much all its neighbours except for maybe Russia. Driving them into each others and Uncle Sam's arms.
Its leadership should do what Mearsheimer suggests and practice better hypocrisy like the United States. You know, make friends, speak of peace to the world, fund more Hollywood movies by Michael Bay showing off the second aircraft carrier fighting against sea monsters or something.
----
I think investors, particularly Australian with regards to the resources stocks, put too much emphasis on the rise of China as a requirement for Australian prosperity.
Australia has done pretty well long before the China boom.