the second point you mention is what the Obama administration tried to do with the TPP, which Trump torpedoed. It's not unreasonable to expect Biden to revive an effort to mitigate Chinese power that began under Obama before Trump threw it out.

I wish people paid more attention to policy rather than whether someone is on the blue team or red team. There's more common ground than you would think if you can look past the never-ending political brinksmanship