Seven decades later, the power dynamics reveal a radical reset. Shortly before invading Ukraine, Russian President Vladimir Putin traveled to the Winter Olympics in Beijing to proclaim the “no limits” friendship with China’s Xi Jinping, but there’s no doubting who the real superpower is in that duo these days. China’s $18-trillion economy is now 10 times mightier than Russia’s. Beijing will hold nearly all the good cards in setting the terms of any financial lifelines from big brother.
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