How can we prevent the growing ChinaPhobia phenomenon from turning competition into mutually destructive conflict?ChinaPhobia - A Wasted Opportunity is an informative book, unbiased towards either China or America. It has been written in the form of a conversation between a father-a former journalist and senior diplomat-and his businessman son. Both academics present the facts combined with insights gained from years of observations of China.Part one describes the factors that have led to ChinaPhobia- pace of China's economy, gravitational shifts towards Asia, territorial disputes, lack of soft powers, Belt and Road Initiative, resignation as the 'world's factory', Covid-19, and tries to explain China's cultural and political thinking.The second part of the book concerns changes within the economic partnership which led to the increasing distrust of the US government and corporations towards China, reflected not only in their trade war, but also in growing US and Western support for China's red-lines including Taiwan, Hong Kong, Xinjiang and Tibet. It is mirrored in an ongoing behind-the-scenes arms race, which has a paramount impact on the relationship between the two regimes-and on the rest of the world.Thirdly, China's increasingly sensitive ambition towards global leadership is explained, and the roles of various think tanks and experts on both sides is analyzed objectively.Urgent questions are addressed in the final part of the book. Without a timely response, inflating ChinaPhobia could become the biggest threat to global peace, economic growth and stability, poisoning international relations in the coming years. The authors discuss the means of mitigation at home and abroad.