Relations between the world’s two biggest economic juggernauts are getting tenser as the United States resists China’s efforts to dominate the South China Sea and the Asian mainland up to India. President Joe Biden faces difficult choices on military spending, deploying our forces and rallying our allies.
This comes as some leaders in China and Russia perceive that the United States, in the recent words of a Chinese diplomat, no longer speaks “from a position of strength.” We are not in a Cold War because the United States, Europe, the free nations of Asia and China need each other to maintenance their prosperity, but it’s more difficult for us to restrain Chinese power expansion while avoiding flashpoints that could lead to armed clashes.
But that is today.
Demographic trends in the three wealthiest regions of the…