CAMBRIDGE, Mass. — Opinion polls indicate that one-third of Americans believe that China will "soon dominate the world," while nearly half view China's emergence as a "threat to world peace." In turn, many Chinese fear that the U.S. will not accept their "peaceful rise." Americans and Chinese must avoid such exaggerated fears. Maintaining good U.S.-China relations will be a key determinant of global stability in this century.

Perhaps the greatest threat to the bilateral relationship is the belief that conflict is inevitable. Throughout history, whenever a rising power creates fear among its neighbors and other great powers, that fear becomes a cause of conflict. In such circumstances, seemingly small events can trigger an unforeseen and disastrous chain reaction.

Today, the greatest prospect of a destabilizing incident lies in the Taiwan Strait.