I know someone who quite recently died of Covid. There is no longer a pandemic, but the virus is still deadly. Their concern is justified.
Economically, the US is critically dependent on China for facilitating consumer demand. The US cannot afford an adversary in China.
Ethically, the US is not offering a compelling framework or alternative that alleviates the issues you raise. This is a real concern.
China has lifted hundreds of millions of people directly out of extreme poverty. This is their prerogative and modus operandi.
The only way forward is cooperation, adjustment and coordination.