Bangladesh, May 19 -- The back-to-back state visits of United States President Donald Trump and Russian President Vladimir Putin to Beijing represent more than a diplomatic spectacle. They symbolize a profound transformation in the global balance of power and underscore Chinas emergence as an indispensable actor in international affairs. At a time when geopolitical tensions, economic uncertainty and regional conflicts dominate headlines, Beijings ability to host and engage simultaneously with both Washington and Moscow demonstrates a reality that many policymakers are still struggling to understand: the world is no longer governed by a simple framework of competing blocs and exclusive alliances.

For decades, international relations were ...