America and the west losing power in asia and mid east?

USA the name synonymous with the only 21st century superpower is now fading away and losing significance in asia and the mid east china and india have slowly begun a slow shift in the balance of world power towards them and the world most important geographical locations asia and the mid east seem to favor the new asian tigers as opposed to prviously dominant US we can see that with tensions with iran and the military expansion of china and the US-indo nuke deal how will the west cope with the change of power and the rise and dominance of the east and how will the world react to 2 new worldpowers in the near future