Singapore Prime Minister Lee Hsien Loong again warned the U.S. and China to de-escalate tensions, saying both powers presumed incorrectly they would win in any conflict.

¡°The reality is, neither side can put the other one down,¡± Lee said on Tuesday, speaking by video link to the Aspen Security Forum. ¡°I think that is a possible misunderstanding on both sides.¡±

The U.S. is not in terminal decline, as some in Beijing believe, Lee said. Equally, ¡°China is not going to disappear. This is not the Soviet Union.¡±