Soldiers of the People's Liberation Army (PLA) of China arrive on their armoured vehicles at Tiananmen Square during the military parade marking the 70th anniversary of the end of World War Two, in Beijing, China, September 3, 2015 Reuters
Business Insider: Tensions between the US and China are escalating to 'dangerous' levels as talks break down and military activity increases
* Tensions between Washington and Beijing have been on the rise in recent weeks as the two sides battle it out over a wide range of issues.
* China has reportedly called off security talks with the US, the latest in a string of warning signs that the bilateral relationship is deteriorating.
* 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.
China has unexpectedly canceled an important security dialogue with US officials, the latest sign of trouble in the embattled bilateral relationship.
Secretary of Defense James Mattis canceled a trip to Beijing originally scheduled for mid-October after China informed the US that Chinese officials would not be available to meet him for the annual diplomatic and security dialogue.
This is the second senior-level meeting China has canceled in a week, as tensions between the US and China boil. Chinese Vice Adm. Shen Jinlong suddenly called off a meeting with his American counterpart, Chief of Naval Operations Adm. John Richardson.
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Update: Amid trade spat, US-China military tensions soar (AFP)
WNU Editor: This is a wake-call on what is happening .... First Photos Of A Confrontation Between The USS Decatur And A Chinese Navy Warship In The South China Sea Have Been Made Public.