Xi Jinping places a bet on Russia

CHINESE COMMUNIST PARTY elites can picture an endgame to the Ukraine war that suits China very well. In Beijing, scholars and high-ranking government advisers predict that today’s shows of Western unity will fade sooner or later, as sanctions fail to break Russia and instead send energy prices soaring. In their telling the conflict will hasten America’s decline and slow retreat from the world. A crumbling of American-led alliances will then usher in a new global order, involving spheres of influence dominated by a few, iron-willed autocracies, China chief among them.