The signs of the new cold war with China are everywhere. The political signal comes from the top. President Biden’s Interim National Security Strategic Guidance, tellingly called Renewing America’s Advantages, states: “We must also contend with the reality that the distribution of power across the world is changing, creating new threats. China, in particular, has rapidly become more assertive. It is the only competitor potentially capable of combining its economic, diplomatic, military, and technological power to mount a sustained challenge to a stable and open international system.”
https://uspeacecouncil.org/u-s-peace-council-statement-no-cold-war-with-china-no-aukus-pact/