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I doubt it'll be the doom of the West anytime soon but it's not going to be pretty for countries near China in the next 20 years. For countries next to China, it's probably about how bad the terms can be, how much land/sea they can keep* and whether that comes later or sooner. The big plan is to help those countries develop and slow down China influence's expansion.
I do think as the population become more educated, more liberal values will take hold so maybe more Western education can help. However, Chinese government control is quite vast and they are flexible as well. China is also doing very well economically so it's easier to turn a blind eye to stuffs.
* One aspect that can delay this is the Freedom of navigation operations https://en.wikipedia.org/wiki/Freedom_of_navigation#FONOPs_i...