I respectfully disagree that waning respect for America in this context illustrates what you say it does. Chinese culture is fundamentally opposed to American culture, and those things you mention, open democracy, religious and cultural tolerance, etc. are expressions of American culture. What nations like China and various others respect about America is money, and how to make a lot of it even at the expense of American people and industry, all while laughing at how we live our lives and making a mockery of us. As a person of Asian descent and having lived amongst other non-American groups, I can say most do not want to live like Americans at all and often spit on "western values". They love our money but they don't give a damn about our democracy and cultural tolerance. Hate to say it, but it's for the most part accurate.