More than ever, China and the United States need to meet each other halfway. They need to find new cooperation points in a spirit of mutual benefit. Emerging from the deep freeze presents both an important test and a great opportunity.

In the wake of Chinese Foreign Minister Wang Yi’s visit to the U.S., windows of opportunity are opening. The constructive attitude on both sides is paying off as common ground is sought to anchor bilateral ties. This is a positive sign for the future.

The debate over the difference between tactics and strategy is as rich as it is enduring. In his seminal 1996 article in the Harvard Business Review, Harvard’s Michael Porter tackled this issue head on. While his focus was business, his arguments can be applied much more broadly – including to today’s Sino-American rivalry.

China has no motive to engage in ideological competition or confrontation with the United States. Its defense of its own ideological foundation is a natural response to U.S. rhetoric. The so-called ideological competition is nothing but an American fabrication.

Any easing of China-U.S. relations will have twists and turns, and material improvement is unlikely to come soon. But both sides can learn from America’s Cold War standoff with the USSR, when mechanisms were built that avoided war. That process can be followed again.

The U.S. Intelligence Community’s hyping the notion of an alleged China threat will continue to promote negative perceptions within American society. It caters to the mentality of some special interests that stand to gain from China-U.S. competition.

The U.S. and many of its allies rely heavily on the Chinese economy. Decoupling is not realistic and would only lead to long-term economic decline. On its current path — which is nothing if not clumsy — the Biden administration is only hurting the American people.

Industrial and supply chains have become the main theater of competition between China and the United States. America’s technology war will be deliberate, intense and long-term. For this reason, China must be strategically prepared for a protracted fight.

It is crucial to prepare for all-out China-U.S. competition. The country that can best demonstrate wisdom, willpower and courage will have the advantage over time, and new cooperation models may alter the trajectory of history.

Western advocates of a renewed standoff between great powers are blinded by their biases, as China’s rise goes beyond Western experience. At a time of deep economic interdependence and with weapons unimaginable in the past, who can guarantee that a confrontation would not escalate out of control?