From the Yaleglobal:
There are clear indications that the Bush administration, alarmed by the Chinese military’s speedy buildup across the Taiwan Strait and encouraged by Japan’s strong stand against Beijing, is moving to re-list China as a strategic competitor. Washington has not yet labeled China an “outpost of tyranny,” as North Korea, but warnings of a China threat and a recent joint US-Japanese statement designating Taiwan as a “common strategic objective” have marked a new turn on Asia’s security chessboard. It remains to be seen whether the emerging divide will force other countries to choose sides. Beijing, however, will likely confront a potential containment with new counter-measures.