Xinhua is a news agency of the Chinese government. The Chinese government sees Washington as a largely spent power. Liu Chang puts Washington’s loss of uni-power status very concisely.
After you read the official commentary (below), read Jeff J. Brown’s commentary on Liu Chang’s report. http://44days.net/blog/?p=64 
Jeff Brown is an American citizen who has worked in Africa, the Middle East, Europe and China, where he has lived for 10 years. He in fluent in English, Portuguese , Arabic, French, and Mandarin. Recently, Jeff Brown published a book, 44 Days Backpacking In China available from Amazon.com.
If you have not recently visited China, this book will give you an idea of the rising superpower, while the bankrupt and de-industrialized US disappears into Third World status.
Americans have been sold out by their “leaders.” America, looted and depleted by Wall Street and the military/security complex, is sucked dry like the victim of a spider’s web.
China has the manufacturing and industrial power that America had before Wall Street and the corporations sold out the country. Russia has abundant natural resources. A China/Russian alliance is the consequence of US hegemonic behavior.
Moreover, both Russia and China have recently emerged from their existence under police states comparable to the one that is rising in the US. Countries that have recently lived under police regimes are not interested in returning to them. In the presstitute American media, both China and Russia are portrayed to be the police state that, in reality, now exists in the US.
America has become a caricature of itself. America is the source of endless wars on innocent peoples who are demonized as ”terrorists” for no other reasons than profit for the American military/security complex and expanded living space for Israelis.
This demonization of peoples provides the “justification” for attacking the civilian populations of the seven countries for which the tax payments of struggling US citizens are misused. American’s hopes for their future collapse, but the profits of the military/security complex rise with the civilian deaths in the attacked countries..
No country, not even Washington’s most faithful puppet states, such the UK, France, Australia, New Zealand, Canada, Turkey, Japan, S. Korea, Columbia, Mexico, Italy, Belgium, Spain, Indonesia, Germany, can trust Washington, which spies on them in order to aid Wall Street’s takeover not only of their politics but also of their economies.
Washington’s era is over, because the few powerful private interest groups that control the US government have, with the professional looting institutions–the IMF, World Bank, and US dollar–looted the world.
Thomas Jefferson was correct. Without revolution, the US government cannot survive as an accountable government beyond 200 years.
In America today, the one percent and the police organizations that support the 400 multi-billionaires rule the 300 million Americans who were too inattentive to protect their rights under the US Constitution.
People who are so easily brainwashed cannot expect to be free. Consequently, freedom is ceasing to exist in America. Everyone is spied upon, and those who tell the truth are prosecuted.
Bradley Manning, who did his duty under the US Military Code to report war crimes is imprisoned. Julian Assange is imprisoned by Washington in the Ecuadoran Embassy in London, exactly as the Hungarian Cardinal was confined to the US embassy in Budapest by the Soviet Union. Edward Snowden, who revealed the Amerikan Stasi State has to hide in Russia with body guards to protect him from CIA assassination.
The “land of the free” has become a cruel joke. And it will get worse from here.
Xinhua Chinese News Agency, October 13, 2001
Commentary: U.S. fiscal failure warrants a de-Americanized world
October 13, 2013
By Xinhua writer Liu Chang
BEIJING, Oct. 13 (Xinhua) — As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world.
Emerging from the bloodshed of the Second World War as the world’s most powerful nation, the United States has since then been trying to build a global empire by imposing a postwar world order, fueling recovery in Europe, and encouraging regime-change in nations that it deems hardly Washington-friendly.
With its seemingly unrivaled economic and military might, the United States has declared that it has vital national interests to protect in nearly every corner of the globe, and has been habituated to meddling in the business of other countries and regions far away from its shores.
Meanwhile, the U.S. government has gone to all lengths to appear before the world as the one that claims the moral high ground, yet covertly doing things that are as audacious as torturing prisoners of war, slaying civilians in drone attacks, and spying on world leaders.
Under what is known as the Pax-Americana, we fail to see a world where the United States is helping to defuse violence and conflicts, reduce poor and displaced population, and bring about real, lasting peace.
Moreover, instead of honoring its duties as a responsible leading power, a self-serving Washington has abused its superpower status and introduced even more chaos into the world by shifting financial risks overseas, instigating regional tensions amid territorial disputes, and fighting unwarranted wars under the cover of outright lies.
As a result, the world is still crawling its way out of an economic disaster thanks to the voracious Wall Street elites, while bombings and killings have become virtually daily routines in Iraq years after Washington claimed it has liberated its people from tyrannical rule.
Most recently, the cyclical stagnation in Washington for a viable bipartisan solution over a federal budget and an approval for raising debt ceiling has again left many nations’ tremendous dollar assets in jeopardy and the international community highly agonized.
Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated, and a new world order should be put in place, according to which all nations, big or small, poor or rich, can have their key interests respected and protected on an equal footing.
To that end, several corner stones should be laid to underpin a de-Americanized world.
For starters, all nations need to hew to the basic principles of the international law, including respect for sovereignty, and keeping hands off domestic affairs of others.
Furthermore, the authority of the United Nations in handling global hotspot issues has to be recognized. That means no one has the right to wage any form of military action against others without a UN mandate. Apart from that, the world’s financial system also has to embrace some substantial reforms.
The developing and emerging market economies need to have more say in major international financial institutions including the World Bank and the International Monetary Fund, so that they could better reflect the transformations of the global economic and political landscape.
What may also be included as a key part of an effective reform is the introduction of a new international reserve currency that is to be created to replace the dominant U.S. dollar, so that the international community could permanently stay away from the spillover of the intensifying domestic political turmoil in the United States.
Of course, the purpose of promoting these changes is not to completely toss the United States aside, which is also impossible. Rather, it is to encourage Washington to play a much more constructive role in addressing global affairs.