424 Revista del Instituto Español de Estudios Estratégicos Núm. 2 / 2013 The current account deficit of the U.S. has increased considerably since the beginning of the century and China has made a major contribution to this deficit due to its export-driven growth process. The deficit is unsustainable in the medium and long run and the Chinese economy is beginning to change its pattern. As a consequence, the military strategy of the United States will undergo major changes that will affect the balance of power with China United States, China, financial crisis, global disequilibrium, defense budget, Asia-Pacific, military strategy
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