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In the wake of new academic and government attention paid to China's growing Arctic security interests, this article examines the strategic advantages which may lead China to deploy submarines into the polar waters as well as the disadvantages and dangers inherent in such a mission. In contrast to the general belief that such an under-ice presence is both imminent and dangerous to the US and its allies, this piece suggests a more nuanced appreciation for the limited value of the Arctic as a realm of Sino-American competition. [ABSTRACT FROM AUTHOR]