Dr. Yuan-Kang Wang of Brookings Institution recently spoke on a panel at UC San Francisco.

Dr. Wang emphasized the need to keep a balance of power between China and the US and to maintain a balance of power in Asia.

China is intent on remaining a regional power and whould become a world power, he said.

One half of the world’s defense expenditures is spent in the US.

One fourth of the world’s economic expenditures is spent in the US.

"China," he says, "must peacefully develop its economy AND its military must be modernized. But, the military development must not happen at the expense of its economy – like the former USSR."

What China needs to do is develop a strategy where a weaker partner can defeat a stronger partner in battle.

China is NOT forming alliances – rather, it has a policy to frustrate US policies through the UN Security Council. For example, look at China’s stance on the IRAQ and Kosovo Wars.

Dr. Wang pointed out that China has a Cooprative Strategy with Russia, but a Constructive strategy with the US.

US is able to keep its interests in Asia and in part keep China in check by supporting Taiwan.

What a delicate balance this all is, eh?

What happens when China closes the power gap? is a question posed by Dr. Wang.

What do you think will happen? How will this affect business in China, Japan, Korea and the whole region? How will this change our lives?

What do you think?

What would you like to tell Dr. Wang at ywang@brookings.edu?

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