In the medium to long term, absolutely. We should call them for what they are. They are a strategic adversary.
I remember a while ago the Prime Minister was asked if he would agree with this definition and he declined to answer. They're not an enemy—we're not at war—but they're far more than a competitor. It goes to my point that we don't really understand as a country the nature of the threat: kinetic, cognitive, all of them.
The first thing we need to do in dealing with China is to recognize the nature of our relationship with them and call them a strategic adversary.