First, there doesn't need to be a cold war at all.
The first cold war was largely ideological, as the US and USSR were temporary allies who fell out shortly after the end of WW2. There was also a geopolitical basis for the first cold war, in that the Soviets had just undergone a major national trauma with the German invasion, and their primary goal was to ensure that such a thing could never happen again.
The technology may have been less advanced back in those days, yet the most significant technological breakthrough had already been achieved: Nuclear weapons. The first cold war was characterized by an insane arms race, nuclear brinkmanship, along with various proxy wars based on ideological alignment.
China had also emerged as a major player in the first cold war, at first aligned with the Soviets but later fell out with them and started becoming more friendly to US interests. Nixon saw that as "triangular diplomacy" where he thought he could play both China and Russia against each other while the US would be in a more advantageous position. It seems that China may have been playing a similar game from their own vantage point.
I wasn't entirely sure what the OP was referring to, but I did find an article relating to the subject matter:
https://www.asiatimes.com/2019/05/article/the-new-art-of-war/
This article suggests that the basis for any new cold war, at least from China's point of view, is rooted in a desire for historical revenge against the West over things that happened more than a century ago. They seem to be more nationalistic than anything else.
The article suggests that China is trying to settle old historical scores and project their power:
Their goals are clearly different from the Soviet objectives in the first cold war, which were largely defensive in nature. The Chinese government is clearly not really "communist" anymore, and they certainly don't appear to champion any world-wide revolution of workers to seize the means of production. They are nationalists.
Technology is what it is. They try to steal our technology; we try to counter it and steal theirs. All sides involved in computer shenanigans trying to gain influence over hearts and minds, along with trying to gain secrets and establish a foothold in finance, industry, control of resources. It's essentially the same battle of power politics which has dominated human history for as long as it's been recorded.
The West may have to adjust to what is going on. I don't see that we're in any immediate danger at the moment, but we may have to restrain some of our ideological intensity and geopolitical hubris where we believe that we're always right and that we hold some sort of moral imperative to project our power globally in the name of "freedom" and "democracy." That was our ideological basis in the first cold war, but I don't think we're going to be able to do that in this perceived "second cold war" that appears to be upon us.
In other words, we can't go around acting like a bunch of Dudley Do-Rights and Do-Gooders around the world. For one thing, no one ever really believed it in the first place. Secondly, it could undermine and compromise our geopolitical position, making us far more vulnerable than we otherwise would be if we weren't trying to pass ourselves off as global saints and missionaries.