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.

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Historically, Russia and China's strategy as continental empires involves avoiding two-front wars and actively destabilizing neighboring states. This creates buffer zones and prevents any single power from becoming a threat on their borders, ensuring their own security through regional instability.

China's renewed commitment to the previously stalled Power of Siberia 2 gas pipeline is a direct geopolitical response to the U.S. using trade and energy as weapons. This move signals a strategic pivot to reduce its energy dependency on the Western Hemisphere amid escalating trade tensions.

The strategic competition with China is often viewed through a high-tech military lens, but its true power lies in dominating the low-tech supply chain. China can cripple other economies by simply withholding basic components like nuts, bolts, and screws, proving that industrial basics are a key geopolitical weapon.

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.

Throughout the 19th and 20th centuries, Russia consistently manipulated China during its moments of weakness. It offered "mediation" in conflicts like the Opium Wars that ultimately served Russian interests by keeping China destabilized and forcing it to cede territory.

Middle powers like India are not picking a side but are 'multi-aligned,' partnering with the US on tech, Russia on arms, and China on other initiatives. This creates a fluid, complex system of shifting, issue-specific coalitions rather than two fixed blocs.

While the U.S. employs aggressive, short-term tactics, China plays a long game. They use economic incentives and a 'friendly' image to win allies, which erodes America's global standing over time as nations seek a less volatile partner.

Viewing China as a "rising" power is incorrect; it's a "reascending" one. For 70% of the years since 1500, China had the world's largest GDP. Its current trajectory is a return to its historical dominance, a framing that fundamentally alters the understanding of its global ambitions.

China has undergone a radical transformation, from being opened by British coal-fired warships in the 19th century to now being a nation whose immense fossil fuel demand and green energy manufacturing dominance fundamentally reshapes the entire global geopolitical landscape.