Very important piece by Kurt Campbell and Rush Joshi, who will be driving Asia strategy on Biden's NSC: https://www.foreignaffairs.com/articles/united-states/2021-01-12/how-america-can-shore-asian-order.
“A strategy for the Indo-Pacific today" should be based on 3 lessons from post-Napoleonic Europe: "the need for a balance of power; the need for an order that the region’s states recognize as legitimate; and the need for a ... coalition to address China’s challenge to both."
“The way Beijing has pursued [its] goals—South China Sea island building, East China Sea incursions, conflict with India, threats to invade Taiwan, and internal repression in Hong Kong and Xinjiang—undermines important precepts of the established regional system."
“the US needs to make a conscious effort to deter Chinese adventurism. … This means investing in long-range conventional cruise and ballistic missiles, unmanned carrier-based strike aircraft and underwater vehicles, guided-missile submarines, and high-speed strike weapons."
"It also needs to work with other states to disperse US forces across Southeast Asia and the Indian Ocean, ... to reshore sensitive industries and pursue a ‘managed decoupling’ from China, [and] to design penalties if China decides to take steps that threaten the larger order."