EAI Asia Security Initiative Working Paper No. 28
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If US-China relations deteriorate due to an emerging bipolar structure and nonstructural factors in the future, what lies ahead for regional powers such as South Korea will be a path full of difficult choices and dangerous pitfalls. If the emerging international structure around 2025 is an unbalanced bipolarity that is a midpoint to a more balanced bipolarity around 2050, Beijing will announce at some point between 2025 and 2050 that Asia belongs to its sphere of influence, which "outsiders" (i.e., the United States) should not interfere with. In other words, the Monroe doctrine in a Chinese version will be on the horizon once Beijing feels confident enough. When such a moment comes, it will be the official beginning of a new cold war between the United States and China.
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