The Biden Administration has clawed back US influence in Asia, while domestic troubles have blunted China's regional ascendancy, according to an Australian think-tank.The Lowy Institute's annual Asia Power Index measured 26 countries or territories across 131 indicators including economics, military might and diplomatic leverage.For 2021, it found the US remained the most powerful country in the Asia-Pacific region. China was placed second after steadily expanding influence on the index in recent years.
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