The United States of America is widely recognized as the world’s leading superpower due to its dominant economy, the most powerful military, the highest defence budget and pivotal role in global financial institutions. However, China’s rapid rise as the world’s second-largest economy with substantial exports, heavy investments in Asia, Africa and Latin America and a ‘win-win strategy’ under a peaceful coexistence approach to bolster its global presence has put the US in a challenging situation and complicating their bilateral relations.
Although the US has an advantage over China economically, militarily and technologically, China’s growing dominance in international markets, military presence in the South China Sea, and technological advancements are worrisome for the US.
To maintain its competitive edge, the US has adopted a passive-aggressive stance towards China. In his recent speech at the NATO Summit 2021,…