Cold War is the best and least disruptive way for countries to settle rivalries that used to require the sacrifice of millions of lives and countless property damages.
The last Cold War between the US and USSR ended peacefully without a shot fired. The Soviets decided to throw in the towel after exhausting its resources on arms race that they couldn't win.
The Cold War with China is even more peaceful but still follows the same pattern. Xi is sparing no effort to win the semiconductor race and beat the US to the punch in fighting COVID. In the end, Xi will also waste all the resources at his disposal and surrender. That we can see already.