Speaking Of Asia: What if China does yield?

Chinese resistance provides America with a handy bogeyman. Consider the possibilities if it gave in to US terms. Washington may face an even stronger rival

A decade ago, the United States' economy was on the ropes amid a swirling global financial crisis and an untested President Barack Obama at the helm.

With homes being foreclosed and jobs rapidly being shed, the air was laden with a sense of doom. The era of US dominance seemed decidedly over.

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A version of this article appeared in the print edition of The Straits Times on May 17, 2019, with the headline 'What if China does yield?'. Print Edition | Subscribe