Counting China’s wins and losses among ‘swing nations’ in new era of power rivalry

It took the United States less than three hours to stun the world with its abduction of the sitting leader of a sovereign state, but the strategic ramifications of that dramatic operation are likely to reverberate for decades. In laying bare the limits of China’s economic-centric diplomacy towards third countries in its competition with the US, the Venezuela crisis has delivered a stark reminder that spheres of influence continue to shape global politics in this new era of great power...