- The U.S. retains a military advantage in Asia, but systematic upgrading of China’s armed forces is altering the balance slowly in Beijing’s favor
- The territorial disputes in the South and East China Seas have an energy angle, since the seabed may hold significant oil and gas reserves
- China faces a steep demographic drop in coming decades, with far-reaching economic and social consequences
The People’s Republic of China has developed its national strategy step by step over the course of more than 60 years. Besides economic growth, the goal of attaining military capabilities sufficient to control the nation’s destiny in Asia and project power globally is crucial to Beijing’s master plan. The challenges that this power-in-the-making faces from unfavorable demographics at home and growing resistance to its schemes abroad are formidable, however.