Cyber War Between US-China?

Could there be a cyber cold war between the United States and China brewing?

The AP reports that the Chinese government has fired back at a U.S. congressional panel report that alleges the Chinese government of computer espionage attacks against US interests.

Chinese Foreign Ministry spokesman Qin Gang released a statement from Beijing that rejected the panel findings.

From the AP:

The commission "deliberately slanders and attacks China" and always sees it in a bad light, Qin said. "It attempts to mislead public opinion and the general public as well as set obstacles for Sino-U.S. cooperation in extensive fields."

The panel of six Democrats and six Republicans said China's massive military modernization and its "impressive but disturbing" space and computer warfare capabilities "suggest China is intent on expanding its sphere of control even at the expense of its Asian neighbors and the United States."