'Under most scenarios, short of war, the United States is unlikely to halt the narrowing power differential between itself and China,' the Lowy Institute's 2019 Asia Power Index found.
The United States may still be the most powerful country in Asia, but China and North Korea were the region's biggest winners, according to an annual ranking.
"Under most scenarios, short of war, the United States is unlikely to halt the narrowing power differential between itself and China," the report's summary found, while at the same time noting that"the biggest challenger to China’s rise is not the United States but itself." While Washington's military capability was still unparalleled, Beijing gained in this category too as Chinese President Xi Jinping pursued a mass modernization of the world's largest standing army. Overall, the report warned that"has become less effective at converting its resources into broad-based influence in Asia" and"has become an underachiever in its ability to wield power.
While other highlights included"major powers" Japan and India in third and fourth place, respectively, and a rising Russia—whose focus on Europe worked against its score—in fifth, another key observation came all the way in 16th place, where North Korea managed the second-best improvement after China.
The same nuclear arsenal that empowered North Korea, however, has also led to international ostracization and sanctions have left his country with an economic relationships score of absolute zero, last place among the 25 nations ranked.
Russian President Vladimir Putin was one of 37 world leaders to attend the Second Belt and Road Forum and his meeting with Chinese President Xi Jinping was one of some five encounters between the pair since the Lowy Institute's report last May. Both countries have pledged to expand their military ties, with China sending troops to what Russia described as the largest military exercise in its modern history in September.
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