Comments on the consistency of US policy in Europe related to maintaining the balance of power. Comments on the early US "Open-Door" policy in Asia, tracing its transformation into a balance-of-power policy. Considers the position of the US in counter-balancing Chinese power. Comments on China's great strength and notes that most Asians are aware of this power. Recommends that US policy should adapt to China's strong position, pointing out the ineffectiveness of the present policy of peripheral military containment. Comments on need to exert full US power if China attempts to conquer Asia. [TAIC]