Positive trade mechanisms have emerged. China remains committed to developing its relationship with the U.S. The recent tension over Taiwan was controlled. Such things and others are a basis for optimism, not despair.

The Russo-Ukraine conflict has raged on and looks to continue into the near future, straining relations in Europe. The ripple effects of military conflict involving a pronounced foe of the United States has created an even more tense climate on a global stage that already sees U.S.-China relations declining at an alarming rate.

Major-country relations are changing dramatically. Chinese academics and political leaders should conduct an in-depth analysis of what China faces. The United States has already started a new Cold War in regional and global industrial chains.

Europe’s interests require that it strongly back the global trading system and establish multilateral independence toward other countries, especially China. Strategically autonomy, however, means the EU must break away from its reliance on Washington.

China stands at a crossroads and will be key in determining whether two camps will take shape. President Xi Jinping’s global development and security initiatives inject confidence into a world industrial scheme that has lost momentum and an international order that has lost stability.

In recent years, Sino-Russian relations have become a model of great power relations with high degree of mutual trust, high level of collaboration and high strategic value. After the outbreak of the Russia-Ukraine conflict, the assessment of the challenges for China-Russia relations in the external environment, the understanding of the conflict’s role in reshaping China-Russia relations, and the examination of the prospects of China-Russia relations have been critical in the analysis of how the Russia-Ukraine conflict will impact the game of great powers.

The year 2022 will mark 50 years since US President Richard Nixon traveled to China to meet with Communist Party of China Chairman Mao Zedong and Chinese Premier Zhou Enlai – a major step toward restoring relations after decades of estrangement and hostility. A half-century later, the progress they launched has been all but lost, and US President Joe Biden is partly to blame.

Worries by the United States that China will take over its leadership role are based on a serious strategic misunderstanding. The road ahead for the international power structure as it shifts to a multipolar pattern may be long and difficult, but the prospects are promising.

A series of policies in the U.S. has made life much more difficult for China concepts stock companies. CCS listings in the U.S. are emerging as the next big risk, and the adoption of the variable interest entity structure, or VIE, is storing up trouble.

Maintaining strategic security and its stature as a major global power are the country’s priorities. While its economy is relatively weak, Russia’s military power, its experience and its influence in global affairs means that it will continue to be an important player in shaping the international landscape.