Minxin Pei is professor of government at Claremont McKenna College and a nonresident senior fellow of the German Marshall Fund of the United States.
The foundations of strategic stability in East Asia are crumbling. As the U.S. and China intensify their competition in trade, technology and security, the factors that have previously underpinned regional strategic stability -- and made possible the region's economic success -- have either been eroded significantly or become key drivers of instability.