This question compels you to critically analyze relations between countries in Asia with respect to China, and its rise. Therefore, analyze whether a balance of power is actually emerging in terms of the emergence of alliances. Then, determine the effect of such events, that's if they are even occurring, on the transition toward a multi-polar world and growing interdependence.
Check out this article on the changing security architecture:
http://www.jcie.org/researchpdfs/USJ...rs/Sahashi.pdf