By Timofey Bordachev , Program Director of the Valdai Club

The dramatic events of the first months of 2026 offer a useful lens through which to assess the evolving role of the world’s major powers. Among those often cast as architects of a new international order, China stands out, arguably even ahead of Russia and the United States, both of which remain preoccupied with their rivalry in Europe.

For decades, China’s rise has been one of the central forces shaping global change. As far back as the late 20th century, Henry Kissinger argued that China’s growing importance would prove more consequential than even the end of the Cold War. That…

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