> Do we need to talk about this? Like, urgently?
That's the question of what your threat model is and what your world view says about interventionism vs isolationism.
China won't attack the US or NATO allies in a direct war any time soon and so will Russia, so if you are following an US-isolationist worldview, there is nothing to worry about. Let China deal with their neighbours on its own, why should the US care about India, Vietnam, Japan or Taiwan?
If you are rather following an interventionist policy, the situation looks different: formal or informal allies get threatened by the day by Chinese aggression. China is literally carbon-copying the OG Nazi framework of running labor and extermination camps. Personal freedoms, or the very few that Chinese people had in the first place, get eroded every day. China has built secret "police" forces in our nations that threaten Chinese dissidents. Chinese hackers hack everywhere they can and steal data to undercut our companies on price, and Tiktok allows them direct access to the minds of our children. Chinese foreign developments are looting half of Africa.
Personally, I am a friend of an interventionist policy - China is the largest threat in decades against the free West, the lessons we learned from 1933-1945 and the values we (at least claim to) hold. So yes, we as Western countries need to urgently talk about this, alone to give our allies security against China.