We've all expected some sort of kinetic war (and I am certain it will happen) but WWIII turned out to be an ideological war between the West and the East.
What a time to be alive.
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As a more open society we will always have the disadvantage in that there aren't too many places left in the USA where a person of Chinese ethnicity is an outlier. Also, Chinese nationals can move here, get scholarships for college, land a tech job, buy property, etc. without ever becoming a citizen. I don't think we can do that as easily, if at all, over there. It really is a twisted relationship all the way down to the core.