Groundwork has been laid for an economic war? They have been trying for years. Even decades if you count the Asian Financial Crisis. This is delusional. The US is in no position to wage economic war against China. They weren't in a position to do so back when Trump was first elected, and they're in a drastically weaker position today. Trying to do so will instead trigger their own economic collapse.
If you truly believe what you say, and think that they are about to have China in a financial and economic death grip, and that they can leverage such a power monopoly to force China to force Russia to surrender unconditionally, you're even more delusional than the Americans who plot such schemes.