Abstract
This review examines the positions of modern researchers regarding the hegemonic orientation of the US political course. Many theorists agree that at present the United States has lost its position as a leading power in the world arena, and some researchers adhere to the position that in modern conditions it is impossible to talk about the hegemony of this or that state. However, the opinion about the growing and prevailing role of the China in international relations, especially in the context of the COVID-19 pandemic, is becoming more and more widespread. With advanced technology, economic growth, military power, and a huge population, China is the second most powerful global player after the United States. On a broader global scale, if the world's first two largest economies become rivals, many countries will have to view the competition between China and the United States as a factor in shaping future economic development policies. In connection with the totality of these facts, it is relevant to consider modern literature that studies the imperial ambitions of both states in the framework of their relationship.
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