"There is a fear in the news media that China is rising, " he says.
Of course China is rising, but that does not mean America is in inevitable decline.
But what if China is rising despite its autocratic model, which inhibits such drivers of success as meritocracy, transparency and creativity?
Now, the major challenge for China is rising prices caused by inflation.
Between 2001 and 2007, BRIC stocks soared, more than doubling in China and rising 369% in Brazil and 499% in India.
However, the trend is undeniable, gold demand in China is rising rapidly.
Average house prices across China are rising at an annual rate of 8%, with double-digit gains in some cities, such as Shenzhen and Beijing.
With the China price rising, everyone else wants to raise prices.
In Hong Kong, telecom plays were among the outperformers, with China Telecom rising 4.1% on news it would begin offering Apple's popular iPhone 4S next month.
North Korea's economic dependence on China is rising, following a standoff with South Korea that effectively shut an industrial park that was an important source of hard currency.
Per capita incomes in China are rising, and many investors are using gold as a hedge, providing at least a modicum of fundamental support for gold prices long term.
Industrial fabrication demand for silver is set to rise by 6% this year, according to consultant Thomson Reuters GFMS, led by accelerating economic activity in India and China, rising global auto sales and a steadying solar industry.
The intensity of the contest reflected a broader wave of changes taking place in other parts of Asia, where, from Thailand to China, rising incomes and the Internet's capacity to provide new information and opinions are raising expectations for more responsive governments.
They know that Russia has its own anxieties about China's rising power, and that China and Russia both regard their ties with America as considerably more important than China-Russia relations.
With little demand for Made in China goods, and rising labor costs, China is finding itself in a bond, partially out of its control.
Second, as Shell President John Hofmeister pointed out in his testimony, prices are shooting skyward in part because of rising demand in China and India, the rising cost of materials and labor, and international events, such as supply disruptions in the Niger Delta.
China's decade of smile diplomacy -- aimed at reassuring the region that a rising China is not a threat -- has imploded and its feistiness has only increased its diplomatic isolation.
Moreover, India is playing late catch-up with China, with FDI rising from just a few percent of China's figure in 2000 to about a quarter today.
There is also an unstated mutual interest in containing China's rising influence in the region.
If you are thinking about leaving China due to rising costs, though, I urge you to re-consider.
Now Japan is stumbling and China is the rising power, though its prime focus is internal stability.
And it is partly with an eye to a rising China that India now shows signs of change.
He called his national leaders unable to defend Japan's interests in the face of China's rising economic prominence.
It is the world's largest democracy, and, in the long run, a potential counterweight to a rising China.
But a rising China, ruled coercively by a Communist oligarchy struggling to retain legitimacy, could be a menace.
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It should be obvious which poses a greater threat to regional peace, a rising China or a revived Japan.
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Ishihara said Japan was not alone in a territory dispute with a rising China, pointing to Vietnam and the Philippines.
America could be deflected from its primary goal of balancing the power of a rising China in the western Pacific.
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