I have observed that it takes a long time, perhaps a decade or more, for the media and politicians (which one is driving which?) to accommodate to new facts. It took about that long for them to catch on to the fact that China was gaming (cheating on) the WTO (World Trade Organization) membership to support China's economic growth.
Now we have a general consensus among the U.S. media and politicians that China is a growing economic and military threat. Chinese propaganda certainly feeds that narrative, and the American press is apparently gullible enough to believe most of the propaganda.
So let me suggest an alternative view from geopolitical strategist Peter Zeihan, who bases his views on maps and data, rather than ideology or wishful thinking. He has a recent short (12 minute) piece on YouTube entitled How China Is Going To Vanish which is worth listening to, and which gives a different perspective.
The data Peter presents certainly doesn't mean that China isn't a limited threat right now, especially if the CCP gets desperate. But it does suggest that it will be a diminishing threat over time, not an increasing one as the media seems to think.