Historically speaking, the only significant peaceful comparison would be the British -> US circa 1950s.
To be fair, people asked the same question in the 1900s. With the world getting so interconnected thanks to steamships and telegraphs, perhaps the age of major conflict had passed (this was right before ww1).
Also, global connectivity doesn't mean much when the great firewall creates 2 distinctly different internets. If you take Chinese state media as a barometer of public opinion, you clearly see there is very little affinity towards the rest of the world. The xenophobia and nationalism, if anything, is more likely to lead to conflict because nationalism is a double edged sword.
Best case scenario is the status quo. Even though China wants a bigger say in global affairs, they realize they have benefited from a peaceful international system over the last half-century and it's in their interest to preserve it largely intact. They have some long-term plays like "one belt" infrastructure, but that's something to supplement the existing system rather than to replace.
Personally I think the most likely risk is economic. No country can escape the laws of economics forever. At some point, the economy will have a downturn. Like with Putins Russia, when things are bad domestically, there is pressure to create conflict abroad (aka Ukraine) to distract their people which if managed badly, could turn out quite ugly
To be fair, people asked the same question in the 1900s. With the world getting so interconnected thanks to steamships and telegraphs, perhaps the age of major conflict had passed (this was right before ww1).
Also, global connectivity doesn't mean much when the great firewall creates 2 distinctly different internets. If you take Chinese state media as a barometer of public opinion, you clearly see there is very little affinity towards the rest of the world. The xenophobia and nationalism, if anything, is more likely to lead to conflict because nationalism is a double edged sword.
Best case scenario is the status quo. Even though China wants a bigger say in global affairs, they realize they have benefited from a peaceful international system over the last half-century and it's in their interest to preserve it largely intact. They have some long-term plays like "one belt" infrastructure, but that's something to supplement the existing system rather than to replace.
Personally I think the most likely risk is economic. No country can escape the laws of economics forever. At some point, the economy will have a downturn. Like with Putins Russia, when things are bad domestically, there is pressure to create conflict abroad (aka Ukraine) to distract their people which if managed badly, could turn out quite ugly