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E.R. Campbell said:The premise, that China and some US led 'grouping' need to 'match' one another militarily is, in my opinion, faulty.
Furthermore, wouldn't such a grouping force China to form another alliance as a response to this?
We all probably remember the Shanghai Cooperative Organization (SCO) or the "Shanghai Six/Seven grouping" which includes China, Russia as well as a number of Central Asian states that are former Soviet satellites, such as Kazakhstan. As mentioned before, these nations made this grouping over common internal security concerns (e.g. unrest from militants in China's Xinjiang region).
Aside from the SCO, China might pursue its own Pacific Rim alliance in response to any of the aforementioned Western/Southeast Asian groupings. Such an alliance may include traditional allies/client states in the region such as Myanmar (Burma), North Korea and Cambodia (not sure about Laos). (The other Communist/totalitarian state in ASEAN, Vietnam, still distrusts China due to the Feb. 1979 abortive Chinese invasion and because of numerous border clashes during 1980s, even if there have been concliatory moves between them in the 1990s.)