In the cold war mindset,a country that didnt agree with you ideologicallywas an adversary.
Many in the US view China's economic rise in adversarial terms but China is no USSR.
It is not communist in the strict sense of the world and its pursuit of export market capitalism rules it out of the strictly marxist-lennist lane.
To understand that China is not the ideological opposite of the United States one needs to go back to the power struggle between Mao Tse Tung and Deng Xiopeng in the early 1970s.
Chairman Mao, at the time the paramount leader of China,espoused marxist ideology and wanted China to follow a purist leftist doctrine in its politics and economy. Deng Xiopeng who is the father of China's economic reformation-and therefore it's recent rise to the second largest economy in the world,wanted China to pursue a leftist political ideology but a more liberal economic regime.
China and the United States need each other. They need to see themselves as strategic partners in the coming decades.
A strong and vibrant United States is good for China. Most of China's foreign reserves are in US dollars. The United States is a leading destination of Chinese products.
All major US corporations have operations in China where labor and expertise are cheap.
China constitutes a huge market for US products. The buyer of the Hummer brand of General motors was from China and almost all US computer hard ware companies such as Hewlett Packard,Dell etc have operations in China.
The US and China can strike up a dual partnership that can shape the coming decades.
The thorny issues of a devalued Chinese currency and human rights concerns can be resolved diplomatically without a recourse to more adversorial approaches.