What could have happened behind the Chinese spy balloon, and where do we go from here?

After one week of entering U.S. territory, the Chinese spy balloon was shot down on Saturday over the Atlantic Ocean. However, many questions still linger.
Was the spy balloon an intentional act by Beijing?
Why is the Chinese balloon a "slip-up"?
What does the CCP's response tell us?
Where do Sino-US relations go from here?
Please join me as we explore those questions together.
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