Abstract: China is a near-peer competitor to the US and desires to become a superpower, but will settle for global multipolarity at the moment. However, an Asian order dominated by China is a precursor to China achieving its superpower ambitions. India cannot accept a China-dominated Asia due to its own ambitions, threat perceptions and strategic imperatives. Thus, India desires a multipolar Asia. As a result, China aims to become the region’s hegemon to use the region to challenge the US, while India’s approach aims at strengthening Asian states and developing an understanding of common issues through which multipolarity in Asia can be strengthened.