From the China Daily, (h/t World-China Bridge blog):
With the clout of China and India rising on the international arena, some people in the West, who are concerned over the already fragile, US-dominated unipolar world political structure or the Western hegemony, have rushed to offer a variety of recipes for inter-power relations in the 21st century and for the world’s new power structure.
These recipes include multi-polar, non-polar or collective power models, a “democracy value alliance”, a new trans-Atlantic union, and even a joint China-US governance idea.
All these concepts are in essence changed versions of the new US or Western hegemonic model that proposes maintaining the world’s established power structure through absorbing some emerging powers. The model also proposes carrying out reforms of the new power structure. In all this the idea is to keep the US and Western hegemonic position intact as much as possible. The new situation emerging from the very beginning of the 21st century indicates that neither the US nor the Western hegemony will last for ever, and there will not be a transfer of the old hegemony to a new one. In the 21st century, the world will see the end of not only the US-dominated hegemony, but also of the hegemonic model that allows a few world powers to control global affairs.