China is "sure that the United States is locked in an irreversible process of decline that will gradually eliminate it as a serious rival in Asia. Their confidence is based partly in Marxist theory, which says that a mature capitalist economy like that of the United States must encounter financial crises and class conflicts that will drag it down from the heights of prosperity." https://foreignpolicy.com/2022..../06/04/china-ukraine

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foreignpolicy.com

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Beijing is confident in the United States’ decline and unwilling to rock the boat.