China has been pulled out of poverty because the USA gave it, and allowed it to steal, trillions of dollars worth of technology.
The world has benefited immensely by pax Americana, and before that, pax Britannica.
You are right.
Pax Americana means business for everyone. America befits from it, but so does its business partners as well - it’s a win win for all.
America has done this in a rather fair-play manner and didn’t see coming the cheating and the stealing by China.