After a meteoric rise, China's once inexorable growth has come to a screeching halt. Salvatore Babones provides an up-to-date assessment of China's economic problems and how they are undermining China's challenge to the Western-dominated world order. This book tells the story of how liberal individualism has become the leitmotif of the American Tianxia, an emerging world-system in which people of all nationalities seek a share in the economic, cultural, and political system that is America writ large.