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I kind of hope that happens. China can do ok just not getting involved in the various fights as far as it can.
Well... that is: China & other parties (Europe, India, maybe Brazil or some African nations, ...). Russia's downward spiral doesn't hurt China either.
The US still needs China (read: its manufacturing base) for many things. The other way around, not so much.
It could still turn out well for China. It’s just that this risk should be mentioned. Otherwise it’s easy to believe that Chinas win here is inevitable.