The notion of a new era has become pervasive and nearly inescapable in both American and Chinese discourse, and the phrasing may, at first, appear entirely appropriate. After decades in which U.S. policy has been more oriented towards engagement, U.S. strategy today clearly and explicitly recognizes China as a competitor, seemingly undertaking a historic reorientation in ways that can be seen as reflecting a major discontinuity with the past. However, the typical turning to this phrasing of a new era to characterize recent trends in U.S.-China relations, while perhaps rhetorically appropriate, can obscure what is not new, emphasizing novelty at the expense of recognizing the history and relative consistency in certain aspects of U.S.-China relations.