Washington’s strategic pivot to Asia and Beijing’s pursuit of new strategic and security interests in the region have led to increasing tensions between the two powers. US leaders have stressed that their increased interest in Asia is driven by a desire to benefit from the thriving regional economies, as well as to play the leading role in maintaining peace and stability in the region. However, Beijing is particularly concerned about US efforts to consolidate its alliances and deepen security partnerships with a number of regional states. Given the centrality of the two powers to the strategic stability and economic development of the region, these new dynamics in US–China relations must be properly understood and appropriately handled.