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Rawski, Keller, and a highly qualified group of colleagues argue that the U.S. has succeeded all too well in Asia-so well that we must gear up some fresh thinking before we put ourselves out of business in the region. We built up the free economies of Asia after World War II, and used engagement to turn China into a global trading power. Now what? Free Asia and socialist China are coming together in a new power configuration that the U.S. can't stop, and needs to join. This regional perspective takes us beyond the tired China-policy debates over engagement, containment, and hedging and suggests how America can think about benefiting from China's rise.