From Asia Times, via A Glimpse of the World:
Strategic analysts often regard China’s extraordinary rise as a direct challenge to the primacy of the United States as the sole global superpower. But sometimes lost in the debate about the pros and cons of China’s emergence is the political and economic significance of India’s concomitant rise onto the global scene.
A Pentagon strategy report issued in January clearly identified China as the greatest potential threat to the US military. Certainly a new Cold War revolving around US-China strategic rivalry would be bad news for the rest of Asia, let alone the world. But it is just as likely that China will pursue its regional interests peacefully, as it has over the past decade, and that a warming trend between China and India will pay huge dividends for Asian security and economic development.