I don’t see that it makes a whole lot of difference - we have become so co-dependent economically that military threats will not be in either’s side’s interest.
The question is rather useless since we can’t/won’t stop them anyway. We just have to keep an eye on them and react appropriately. They have a long ways to go before they match our military strength, if they start closing in we need to be sure to stay a step ahead.
Yes, currently we have the economic version of “Mutually Assured Destruction”, China is trying to do everything they can to rectify that.
“we have become so co-dependent economically”
That isn’t going to save us if the global trade system breaks down.