A truism in strategic studies holds that warfare is highly complex and unpredictable. What appears to be a stable and predictable military balance can be suddenly overthrown by innovative doctrines or cunning strategies. This paper attempts to fill a perceived gap in strategic studies analysis with respect to US–China naval conflict scenarios. The author is concerned that most Western analyses on the subject tend to be simplistic and unduly optimistic. The approach in this paper follows a “Chinese style” in that it examines the Asia-Pacific strategic balance as a series of interacting military campaigns. The results of the analysis yield that the US retains a strong advantage in certain warfare domains, to be sure. Yet, the assumption that the US military has a decisive advantage in the relevant scenarios becomes dubious in light of the potentially devastating blow against US and allied bases that could be made by PLA conventional missile forces. Moreover, a Chinese advantage in the use of offensive mine warfare, when combined with China's ability to prevent US and allied aerial anti-submarine forces from flying, could combine to roll back, or at least significantly limit, Washington's heretofore decisive undersea advantage.