The United States remains the most powerful nation in Asia “due largely to China’s setbacks,” according to a survey published today the Australia-based Lowy Institute.
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“The portrait that emerges is this: China’s overall power still lags the United States but is not far behind,” Lowy said. The economic stakes for the U.S. and other nations in Asia are big. The region is home to what are expected to be some of the world’s fastest-growing economies this year . Benchmark stock indices in Hong Kong and the mainland fell today over uncertainty about the business fallout from new U.S.-China tension.
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