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The relationship between the U.S. and China is now the most important part of the world's diplomatic puzzle. Neither side wants war, but the U.S. is unwilling to give up its long-held dominance in the Pacific, and China is unwilling to allow that to continue as its economic power in Asia grows. So how can this problem be negotiated? In an era of shrinking defense budgets, is the decline of American power inevitable? 

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Dr. Michael O'Hanlon, Senior Fellow in Foreign Policy, The Brookings Institution