The Pentagon reported that the U.S. government has underestimated China's defense spending. The Defense Department now believes Beijing's military expansion is two to three times greater than the official estimates--a sign that military analysts interpret to mean China is working to change Asia's strategic balance.
Maybe so. As the world's fasting-growing economic superpower, China has the wherewithal to equip itself with the best military money can buy. None of this comes as a shock to Washington, where the political elites long ago recognized that America's historic dominance in the Asia-Pacific region would come under challenge. It's a manageable and still-profitable relationship, but the tensions sometimes bubble to the surface when you least expect it. "
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