Everyone acknowledges that our two countries have important common interests, that they are economically interdependent, and that they need to cooperate on many critical issues. But there is also an increasing understanding that the Sino-American relationship has significant competitive aspects – not least in the political and security arenas – and that this competition is sharpening. We Americans, in other words, seem to be beginning to catch up to the endemic suspicion that has been apparent for so many years, in the PRC, in looking at us.