The Russo-Japanese War in 1905 showed the world that non-white nations could defeat white nations in military conflict, which had a profound impact on colonial people's view of their former colonizers. A potential military conflict between the US and China could have a similar effect on how nations view the US as an "undefeatable enemy".
The new Cold War could lead to a situation similar to that of Muslim Americans after 9/11, with Chinese Americans being unfairly targeted and ostracized due to nationalism. This will especially be the case for those working in university labs or related fields.