The world was shaken up last year by events from populist movements to terrorism to shifting alliances. How major powers react to this volatility – and to each other – will determine if 2017 extends the chaos or shapes a new world order.

The contrast between a collapsing neo-liberalism of the west and the much-welcomed new development model espoused and practiced by China is not to be missed.

China has accepted some gains from the world order established by the United States, but they disapprove of how the structure reflects exclusively American values and is buttressed “by a military alignment, which does not take into consideration the security interests of others.” Some Chinese commentators can also see a great benefit to aligning with Russia to offset the U.S.; however, uncertainty about regional powers and IGO influence remains pivotal to the current great-power structure.

Democracies aim to improve their democratic system while learning from the best of meritocratic practices, and meritocracies aim to improve their meritocratic system while learning from the best of democratic practices. There is no more talk about which system is superior: both political systems recognize each other as morally legitimate even though they are built on different foundations. The United States is the dominant power in the West, China in East Asia, but they strive to cooperate in areas of common concerns.

The US has shown no desire to defend the arbitration award with force as hinted by the exercise in the Philippine Sea. Although the American strategic community now sees markedly greater risks of military conflict with China, US decision-makers also don’t believe that the US has the ability to change or stop China’s international conduct by force.

Trump’s security and diplomatic policies may offer opportunities for China, but that would be secondary compared with the damage he may inflict on China-US economic and financial relations. The China-US economic and financial relationship means a lot to the Chinese economic health at home, especially in the face of the nativism, populism and nationalism that seems to be sweeping the globe.

Compared with diplomatic issues, the new administration is facing more challenges in domestic affairs, which is also more critical for Trump’s re-election four years from now. For a Trump administration, with the edge of the Republican-controlled Congress, it is urgent to promote domestic policies and reforms. The alliance system, therefore, is not among the top priorities or issues, and its institutional nature insulates it from the whims of a single individual.

Despite some real tensions, the two countries are using high-level exchanges, close cooperation on global issues and improved ties between their militaries to keep bilateral relations on an even keel.

(Fu Ying addressed at the Valdai International Discussion Club.)It's an honor to be invited to the Valdai International Discussion Club.Founded in 2004, the Val

Despite their differences as argued by Clinton and Trump, the televised encounter showed that protecting the interests of the United States will be the objective of whoever wins the White House.