China is predicted to avoid a direct war with the US by playing both sides. It will likely strike transactional economic deals with America to protect its interests while simultaneously providing financial support to Russia, maintaining a non-aligned but influential position.

Despite 'no-limits partnership' rhetoric, China's relationship with Russia is highly pragmatic. If forced to choose between Russia and its largest trading partner, Europe, Beijing would choose Europe 'every single time.' The alliance persists because Europe has not yet imposed significant costs.

The current era of multipolarity, global economic integration, and tensions between rising and incumbent powers (like China and the US) is more analogous to the early 20th century before WWI than the bipolar Cold War. This historical parallel carries stark warnings about the potential for conflict.

While China gains access to resources, its de facto alliance with Russia is a long-term liability. It damages relations with Europe and risks entanglement in conflicts where China has little interest, driven by Russia's own quarrels and irresponsible international behavior.

According to the Bank of Finland's governor, China's backing of Russia's aggression has fundamentally altered European perceptions. Europeans now view China as an ally of a nation actively trying to undermine their freedoms, creating a significant obstacle to deeper economic and political ties.

President Stubb observes that China, initially "baffled" by Russia's invasion of Ukraine, has transitioned to a position of dominance. Russia is now in a "vassal type of a relationship," completely dependent on China for financial support and dual-use materials, fundamentally altering the power dynamic between the two nations.

The strengthening diplomatic, economic, and military ties between Russia and China since the Ukraine invasion have created a powerful "axis of authoritarianism." This bloc, combining China's economic might with Russia's resources, represents a formidable and unified adversary to the US and Europe.

The analysis posits that the strengthening diplomatic, economic, and military alliance between Russia and China post-Ukraine invasion is not just another event, but the single most significant global power realignment in ten years. This partnership of two nuclear-armed major powers creates a formidable bloc.

Russia, as a commodity superpower, profits from the instability that drives up oil and gas prices. Conversely, China's economic model depends on integrated global markets and trade. This fundamental difference in core interests presents a strategic opportunity for the West to drive a wedge between the two powers.