The balance of prestige, if not yet the balance of power, between the United States and China has shifted...In some disturbing ways, Sino-American competition is beginning to parallel the contest between us and the Soviet Union in the Cold War. This time, however, the United States is in the fiscally precarious position of the USSR, while China plays the economically robust role we once did.
China has been patient for four decades, but it is now actively pondering how best to remove the United States from what is – from its point of view – our very unhelpful residual military role in cross-Strait relations so that Beijing's negotiators can settle the Taiwan issue with their counterparts in Taipei. That, I take it, is a principal focus of the national review of policy toward the United States that China is reportedly poised to launch. Americans cannot safely assume that China's recent objections to U.S. arms sales to Taiwan or other military actions on our part are pro forma or “just more of the same.” It's at least as likely that we will soon once again confront the necessity to choose between the self-imposed shackles of longstanding policy and the imperatives of our long-term strategic interests.