I think this has little to do with China. People have arrogantly overestimated their own situation, thinking it is a God-given right to have absolute dominance

I think this has little to do with China. People have arrogantly overestimated their own situation, thinking it is a God-given right to have absolute dominance and no peer competitors. Having competition is normal. Healthy, even. Having to work hard for the fruits of one's labor is normal. Sitting back printing dollars and pointing guns at various places when things don't go one's way is not normal.