You can hear already hear the sound of "cold war reloaded" in Kissinger's talk at the World Economic Forum: http://www.youtube.com/watch?v=KZh5cfJxHz4
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Given the info I had with respect to how China was actively hacking companies like Lockheed, pretty successfully, as early as 2005 - I have never found the above to be too far fetched.
After reading the article "China invades Africa" -- an article talking about the resource land-grab that China was on in that continent, as well as understanding the US' strangle-hold on Oil in the Mid-East as well as Lithium (and Opium) in Afghanistan, and the talk that "China was on a 50-100 year long-game resource capturing plan" -- it would seem to me that the US is playing the more short term plan for Oil/Electronic resources - whereby large scale battles over the other more "mundane" resources will be expected in ~20 years.
/wild-speculation-fun-thought-exercise