According to Business Insider, tensions between China and the Unites States are escalating to 'dangerous' levels as talks break down and military activity increases.<br />China has reportedly called off security talks with the US, the latest in a string of warning signs that the bilateral relationship is deteriorating.<br />While one senior Chinese official said Friday there is "no cause for panic," US officials argue that the situation is escalating and is becoming increasingly "dangerous" for both sides. <br />