Should the US and its allies in the Asia-Pacific region create a "new NATO" to counter China?

[Red Wall]

NATO was created to counter soviet and later russian influence in Europe and has been the most successful international organization in recent history.

However, the main threat to freedom in the world has switched to China, which means a Pacific equivalent to NATO (NPTO as I called it) is a possiblity that should start being discussed. Its core members would be the following ones: United States, Japan, Canada, South Korea, Taiwan, Australia, India (not a Pacific state but it borders China, basically a more reliable version of Turkey), and New Zealand.

Other countries that could join the alliance: the Philippines (which would provide it a big boost in the south China sea), Malaysia, Thailand, Singapore, Indonesia and Vietnam (but thsse are less likely possibilities) and Colombia as an associate menber (it is the main US partner in South America among their Pacific states and already a big partner of NATO).

Although many of these countries already have a relationship with NATO they aren't member states, which means the need of a new China-centric military alliance that's independent from NATO increases every single day.