Biden should, as any sensible leader (and we are severely lacking those), ponder pros and cons, and move his pieces accordingly. This immovable attitude you suggest is nothing but extremism, and it doesn't end well.
If you like the salary you make today, then think about what happens when China's enormous supply of engineers working "996" gets access to the Western market. When their tech companies supplant our own.
We need to put in place immediate plans to shift manufacturing to Vietnam, India, Mexico, and Africa. We should duplicate the Belt initiative, but make partner nations our allies. Have them buy into our sphere of influence rather than be indebted to China forever.
We need to strengthen our allies and make this move to wean ourselves off of China together.
We have so many levers at our advantage. China has to import food and energy. Trade is still denominated in USD. And they've been horrible to other nations. It won't be hard to stop their rise and replace it with our own growth if we work together with our allies.
Edit: I realize there's a huge international audience here, but imagine saying these things in Shanghai. Or compare saying bad things about Xi and Trump. The West has to win. If China were free and democratic, I'd change my attitude in a second and maybe even consider moving there.
I also realize the West has a whole host of problems of its own: racial inequality, widening economic prosperity gap, etc. But I do believe our democratic model is vastly superior to one that criminalizes thought.
Edit: I'm sitting at -2 now, but upvotes keep pushing me back up. I expect once this falls off the front page that I'll wind up with a positive score. This always happens with my negative comments on China. No detractions or conversation, only downvotes. I think this is due to the diverse international audience. I really wish someone with the opposite perspective would chime in.
About 'working together with our allies'... Some will argue the 'West' has developed a somewhat abusive relationship with a lot of the world over the last two hundred years. It's not surprising some would look favourably to a competitor, if only to take advantage of that competition to make a better deal for themselves.
Finally, if other parts of the world develop a more advanced IT industry instead of China, how does that preserve Western developers salaries? Are the Chinese uniquely inclined to work long hours for low salaries? Or are you implying that the 'West' would need to prevent nations under 'our sphere of influence' to develop an IT industry so developers in the 'West' can continue to receive their current salaries?
The way to combat the CCP is to avoid even giving an inch. It worked in the Cold War and will work today.
Every country with the clout to do that does it, and the other countries know it. You speak of the CCP like they're evil bastards waiting to leap at your throat, but in reality USA and China have a lot in common, at least in world politics.
Some Latin American countries tried to avoid giving even an inch to USA, and it didn't end well. China has done the same in Asia. USA-China rivalry is not about good and bad, it's more akin to thugs invading each other's turfs.