Word: powerful
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...Lisbon Treaty last year: "We hope E.U. member states will invest the post-Lisbon institutions with the authority and capacity to make concrete contributions to the pressing global challenges we face together." In Africa, India, Latin America, leaders would fall over themselves to engage more closely with a power that's neither the U.S. nor China - both nations that can come across as too powerful, too proselytizing of their own values, too prone to see their interaction with others solely in terms of their own national interests...
...American faith in the transformative power of China's economic rise might be misplaced. Capitalism with Chinese characteristics places far more power and wealth in the hands of the state sector than what has ever occurred in countries such as Japan and South Korea. Beijing is nurturing state-owned champions to dominate domestic markets and crowd out the private sector in order for the Chinese Communist Party (CCP) to keep its economic relevance, privileged status in Chinese society and hands on the country's wealth. This means the CCP does not believe sweeping economic, much less political, liberalization is required...
...Washington seeks the perpetuation of Pax Americana, a liberal peace underwritten by American power in Asia, despite the re-emergence of the world's most populous country. The U.S. wants the endgame in China to resemble the rest of East Asia - genuinely believing that this will ultimately achieve lasting stability and mutual prosperity - and complains that China remains an insular, self-interested and subversive beneficiary of the system. (Read "Five Things the U.S. Can Learn from China...
...would want to deny what China's leaders since Mao Zedong have termed China's return to "dignity," a reference to the country's re-emergence as a great power in Asia. But even though other Asian states welcome economic opportunities offered by China's rise, the vast majority prefer the preservation of Pax Americana. The American-backed order has hitherto offered protection for smaller players by binding more powerful states (including the U.S. itself) to agreed rules of behavior and processes of dispute resolution...
...based on the superiority of the Chinese civilization will eventually become hierarchical. A still insecure and internally weak China has largely pursued win-win economic relationships to appease a nervous region. But if its domestic example is anything to go by - where the authority of the CCP to wield power and control resources is absolute and dissent is harshly treated - a dominant Middle Kingdom might show little future restraint in the relentless quest to enhance China's national power...