It is not about the US or the Chinese. Its about the "Elephant Rider" mind everyone has. Once the Elephant has been injured or scared what it does next is not easy to control, and what story the Rider makes up to maintain coherence becomes another layer of the deeper problem. If the story resonates more elephants get triggered. Social media/attention economy make it even more complex to calm things down.
Modern Corporations are a failed experiment because they dont think Elephant injuries and fears are something they have to worry about it. If you compare the curiculum of a business school to a seminary the difference in how they think about fear and anxiety at individual and group level and what to do about it is totally different. We are learning as unpredictability accelerates its very important to pay attention to hurt and repair mechanisms.