The U.S. strategy long has been geared against the rise of any hegemonic power in Asia and for a stable balance of power.

Yet, as its 2006 national security strategy report acknowledges, the United States also remains committed to accommodate "the emergence of a China that is peaceful and prosperous and that cooperates with us to address common challenges and mutual interests."

Can U.S. policy reconcile these two seemingly conflicting objectives? The short answer is yes.