The emergence of new markets implies in the existence of rising powers at the regional level. Yet, at least two caveats exist in such a process. First, not necessarily an emerging market opts to become a rising power as states have different international agendas. Second, in opting for expanding its power abroad, a state may deploy different strategies. Being the center of growth of the contemporary world economy, Asia and its major markets perhaps exemplify such dilemmas better than elsewhere. The papers unravel both institutional and informal linkages among Asian states that engage in regional statecraft--understood as the process through which a sovereign entity deliberatedly seeks expanding its influence over the neighborhood. China's initiatves on the provision of infrastructure, namely the Asian Infrastructure Investment Bank (AIIB) and the One Belt One Road (OBOR), are central to the analyses. So are the reactions to Beijing's growing regional statecraft, particularly the answers from other Asian powers, and the military consequences of a Sino-centric Asia-Pacific.