China has already lost from this conflict. Before Ukraine there was a widely accepted view in the west that China wanted terroritories such as Taiwan and that W

China has already lost from this conflict. Before Ukraine there was a widely accepted view in the west that China wanted terroritories such as Taiwan and that Western democracies were too fractured to oppose it. The Russian conflict has directly shown that's not the case and that western democracies will put themselves through significant hardship to oppose strategic aggression. It was possible that China could have pushed its agenda slowly and acheived its objectives, but it's probably a decade further away from that now thanks to Russia, and the west is pretty much in agreement it needs to find ways to move away from dependence on the East for essential goods like semiconductors (which tbf, was starting to happen before this). It's also shown that Chinese officials will personally be foregoing all their western luxuries if this happens. In return for this, it's got a sclerotic ally in the form of Russia begging for MREs and selling cheap oil. If you want to look at winners from this, look at Trump impotently shouting about Germany's defense budget, and then look at Germany's new commitments to spending. This aligned NATO in an unprecendented way.