There will be no change. Western ideals triumph all the eastern ones in terms of attractiveness. They're like drugs, unsustainable (especially with consumption), but everyone sees them once and gets hooked. The U.S. rules the western ideals.
I don't see China having the influence that Hollywood had. There will not be a Chinese equivalent of McDonalds, KFC etc either with their own food that people of other culture would buy.
What we might see is a rise of preferential trade agreements without the WTO. China is catching up in semiconductors and aeronautics. It's a matter of time, and I would give them a decade.
But the west will still rule in terms of art and culture. East/Asia will rule with technology.
And this will be the century of intense competition. Evan Spiegel already said it and his assessment, I think he is right on mark. Yet to be seen if it turns out to be another century of humiliation for China or is it America's turn (yeah it's harsh remarks, but you can't really cover it up anymore).
No guaranteed wins for either side. Whoever gets complacent loses.
