Power, unlike wealth, is a zero-sum game, so in light of the economic turmoil in the West, you would think that China was the winner. You would be wrong.
Growth has slowed to a crawl in China. The government’s covid policies are damaging the economy and creating unrest. The Russian invasion, which effectively was backed by the Chinese government, is an international embarrassment. Western Europe and Japan are moving away from China and towards the United States. If that’s winning, Xi is probably already tired of it.
Who is winning? Only the Gulf States, at this point.