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Considering the recent series of events and intensified diplomatic and economic relations, many experts envisage a new Cold War between the two superpowers of the twenty-first century. Although the Chinese-American relationship over the last half-century has experienced some great moments, it has mostly been characterised by less amicable or even hostile attitudes, as well as economically volatile competition. The pragmatic realist approach and diplomatic appeasement of the 1970s and 1980s served mutual interests for the two countries against their common foe, the Soviet Union. Nevertheless, concerning their political values and visions, the democratic US and the Marxist-Maoist People's Republic of China have proven to be two irreconcilable political and social experiments, worlds apart from each other's spheres and paradigms. Within the context of the drastically altered global political milieu of the new millennium, the two great powers have manoeuvred themselves into heated confrontational positions over the last decade, not even excluding the possibility of a severe clash of interests in the future.