I wrote this for China Daily almost 6 months ago. But I still think that the analysis is accurate. China will rebalance at its own pace and on its own way.
The IR debate on China is fairly predictable, the realists are convinced that military conflict between China and the US is inevitable, while the liberals argue that the liberal institutional framework that we have built since WWII is resilient and flexible enough to accommodate a rising power such as China. Nothing new there. The IPE debate is more sophisticated.