America rejoining the Great Game is a good thing... It would be good if they could use soft power persuasion rather than killing people in droves. But this doesn't help the defence industry. China's dastardly loans and eeeevil investment has done a lot more good than Americas involvement in bombing several countries, self interested though it doubtlessly is.
That America has played the bully in international politics for decades since the end of WWII, needs no debate. That China's "self interested" loans and "eeeevil investment" has produced positive results, is also true. But......

.....methinks you gloss over just how self-serving China's aid is, and what they do when things don't go their way. I follow a lot of Australian media, and the Aussie's seem to be bearing the brunt of China's ire, at the moment. Example:

https://www.abc.net.au/news/2021-01-...-2020/13019242

Last year marked the first time Australia referred China to the World Trade Organization during a trade war between the two nations, which has largely been seen as a response to Australia's calls for an independent investigation into the origins of COVID-19.

China's ambassador to Australia Cheng Jingye warned of a potential economic backlash, suggesting there could be a popular boycott of Australian goods in China if Canberra continued to push for an investigation.
Australian journalists and citizens have been detained under "security issues".

Australian export goods have been restricted on short notice:

https://www.abc.net.au/news/2020-11-...rkets/12864220

China is digging in its heels as the trade spat between Canberra and Beijing continues, with officials laying responsibility for the tensions solely at Australia's feet.

With no resolution in sight, many exporters affected by China's sanctions are now looking for alternative markets where they can sell their goods and services.
And perhaps a pattern for economic bullying:

https://www.abc.net.au/news/2020-05-...-pain/12243560

The reality is Beijing has a long track record of economic coercion, and the pattern is strikingly similar across the globe: countries caught in a dispute with Beijing suddenly find their flagship industries hit with obscure regulatory roadblocks.

The aim is not to financially cripple the other country, but to remind them how easily Beijing can impose economic pain. It's an implicit threat designed to shape behaviour.
No real bombs, as of yet, but China's economic bullying is gaining in strength and frequency. Will that spill over into military action? Keep an eye on Taiwan....