There will be no war between the US and China.
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Agreed, it amazes me how some people here have no concept of nuclear deterrence. We should watch China's strategic moves, and counter them (we are) but they are incrementalists and always looking to improve their negotiating position. They are negotiators looking to improve their relative positions. That's China historically and nothing's changed people! No matter how much you may need a new Red Scare.
Nuclear deterrence can work both ways. Would the United States risk getting involved in a war with China if it invaded Taiwan? The bottome line is that China will not go the "war route" if it is not in China's interest to do so. If it IS in China's interest to use force, they will, if they have the means. That is why they are acquiring the means. Does that mean they will use force? No, not necessarily. But if they have acquired the means to use force then they have that option and, obviously, at that point it becomes a possibility. You see?