That notion seems to underpin a new Council on Foreign Relations report on China. From the CFR press release:
Take a look.
This Council Special Report, written by Robert D. Blackwill, Henry A. Kissinger senior fellow for U.S. foreign policy at the Council on Foreign Relations, and Kurt M. Campbell, chairman and chief executive officer of the Asia Group, argues that Chinese President Xi Jinping has amassed an unprecedented amount of power, ended Beijing’s tradition of consensus-driven policymaking, and conducted an assertive foreign policy designed to displace the United States as the region’s dominant power.
The report asserts that as China’s economy continues to falter and Xi is increasingly exposed to domestic criticism, he is likely to use internal repression to strengthen his hand domestically and growing assertiveness abroad to challenge U.S. interests in Asia and bolster his image at home. The authors propose that, in the face of China’s increasingly assertive foreign policy, the United States should preserve the current balance of power in the region by revitalizing the American economy, passing the Trans-Pacific Partnership, increasing high-level diplomacy with Beijing, and continuing the U.S. rebalance to Asia.