China as nation will remain strong, it will not collapse, but it will not become a post-WWII United States. This simply does not seem to be in the cards.
Forget about Chinese “portrayal”. It seems plainly factual that Washington is ramping up belligerence and instability in the Pacific.
A full-scale Cold War with China could, however, prove another matter entirely, even if Pentagon manpower requirements were somewhat diminished by U.S. troop withdrawals from Afghanistan and Iraq.
Pompeo’s personal attack on an Australian state premier — however excessive and misplaced it was — might have been seen by him and Morrison as a useful distraction from this larger crisis.