What is true about the development of an Asia-centric world as a U.S. foreign policy concern?

Nations in the Pacific Rim are refusing to work with China and southeast Asian nations.
China--not the U.S.--appears to have emerged as the leader in the new global power structure.
Only nations such as Japan and South Korea are expanding, while China is stagnating.
The U.S. holds nearly $1 trillion in Chinese debt, enabling it to hold Asian trade at bay.