On October 1, the People’s Republic of China celebrated the 70th anniversary of its founding with impressive military and civilian parades meant to showcase the extraordinary progress the country has made under the leadership of the Communist Party of China. Formidable challenges lie ahead. But China’s record so far, and the resources it has at its disposal, indicate that it may well be up to the task.

Since the 1970s, China-U.S. relations have been largely guided by the principle of “coordination.” Over the past ten years however, U.S. policy has grown increasingly aggressive, based on its primary objective that it not cede power or space to China in the current international system. As a result, a discourse of “struggle” has come to embody China’s U.S. policy, setting the stage for a century-long competition between established and rising powers.

The future of Sino-American relations does not look bright from the way that America is currently approaching its disputes with China. In order to promote global peace and prosperity, China, the U.S., and the rest of the world must set aside ideological differences and focus on resolving shared issues and concerns.

Communication is about image. The image of a country, similar with those of a corporation or individual, generally includes three dimensions: first, who you are, and what kind of a person you are; second, what you say you are and are like; third, what others say you are and are like. When images of the three dimensions coincide, they would basically result in a complete and objective image. If they are partly missing or diverge too much from one another, the subsequent image may easily be distorted, or unconvincing.

The latest escalation in US-China economic frictions points at worrisome trends. In the short run, US allies may benefit from US-China economic tensions, but serious dangers lie ahead.

American leadership helped build the multilateral world order after World War II, but now US unilateralism — spurred by domestic partisan divisions — is undermining the UN, the WTO, and accords on Iran and climate change. US allies’ continued cooperation on a successor to the TPP, and China’s proposed Belt and Road Initiative, show that the world will continue down a multilateral path, no matter if the US swerves off onto a unilateralist road.

The Trump administration’s “America First” style of unilateralism has alienated even longtime European allies. The leaders of France, Germany, the EU Commission, and China have all pledged themselves to support multilateralism — in a sign of the times, Trump’s America is left out in the cold.

Centuries of Western dominance are now fading as developing countries emerge onto the world stage. Despite military and fiscal crises, major powers have great opportunities. They must seize this moment of flux to build upon the accomplishments of the past 100 years, to reform global governance and the rules-based international system, rather than letting impulsive unilateralism lead them to miss the chance for win-win cooperation.

In recent years, the United States has failed to reshape world affairs to its liking as it once could. From its inability to oust Bashar Assad from Syria, to its unilateral revocation of the Iran nuclear deal, to its unsuccessful pressuring of allies to block Huawei, we see an America that has lost its touch on the global stage.

Economic clout shifting to emerging economies, combined with great power peace, have begun to challenge the United States’ alliance strategy: for many longtime allies, the military aspect of national interest no longer comes first.