Decline, But No Fall: China Challenges U.S.

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By John Plender

Published: November 11 2009 19:55 | Last updated: November 11 2009 19:55

As US president Barack Obama begins a tour of Asian capitals, the standard assumption in the west is that his meetings will be with leaders of nations that rank as America's junior partners. Yet the reality is more complex. Amid the rubble of the financial crisis, the US position as singular superpower and global economic top dog looks increasingly under threat.

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