The US's New Cold War With China

Biden is seeking to deny certain advanced semiconductor technology to China. Daniela: What's the real US problem with China? It seems that it's not illiberalism or authoritarianism, Saudi Arabia and Israel after all, both have McDonald's in their behavior doesn't really bother the US. Why that concern and when did China become perceived as so threatening? When did it become such a bipartisan norm to perceive China's rise as an almost existential threat to the US? And then lastly, and Daniela, you mentioned this earlier, what sort of state is China?