What's the endgame with China?
No one wants Global Thermonuclear War.
A renewed Cold War is only possible if China is in Russia's camp. This is not really in China's interest any more than it is in ours. It's only in Russia's interest.
The only good endgame is "China becomes a normal nation."
This was the premise for granting it MNF trading status in the 90s. It included the notion that democracy would rub off automagically, which was obviously wishful thinking. To be fair, democracy's track record hasn't been all that hot in recent years, in no small part because of Russia's worldwide meddling push.
Recently, we've basically given up on pushing for the only good possible endgame outcome. We've largely succumbed to Russia's instigation.
It's very unlikely that the CCP will turn democratic overnight. The path there is one of incremental changes. Instead of demanding free and fair elections, freedom of dissent and freedom of the press from day one, we should get back in the nudging game.
Coincidentally, no one would be in a better position to nudge China along than Taiwan inside of an EU-style framework.