• Chinese President Xi Jinping visited the US, marking a shift in China-US relations.
• The two countries aim for a 'constructive relationship of strategic stability'.
• Neither side can exclude, dominate, or remake the other.
• Coexistence is unavoidable, but stability is not guaranteed.

The new era of China-US relations may indicate a shift towards competitive coexistence, where both sides manage their differences and learn restraint. This could suggest a more stable, yet still contentious, relationship between the two global powers, which may have implications for global trade, security, and technological competition.