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This Week in Asia - Geopolitics
This Week in AsiaOpinion
Cary Huang

Sino File | During China’s rise, Asia’s peace does not require a balancing act

In the region, it is how countries choose to compete – rather than the equilibrium of power – that guarantees the peace

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Xi Jinping, left, shakes hands with Barack Obama. The two leaders’ countries face an uneasy tussle for regional dominance. Photo: Bloomberg

Asia’s transformation in recent decades into the world’s most dynamic economy and chief engine for global growth has caused massive shifts in the region’s balance of power – but the most profound shift yet is still underway.

Japan’s rise, from the ruins of the second world war, to become the world’s second largest economy by the 1960s had a dramatic impact on global politics.

Over the next couple of decades, the economic miracles of the “Four Asian Dragons” – Singapore, Hong Kong, Taiwan and South Korea – added even greater weight to the region’s clout.

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Now the rise of an even bigger dragon, China, is eclipsing those that went before.

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In 1980, China’s gross domestic product of US$268 billion was less than one tenth of the United States’ US$2.86 trillion and one fourth of Japan’s US$1 trillion.

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