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The Shanghai Cooperation Organization’s annual leaders’ summit in early July highlighted the group’s potential to be a potent force multiplier for both Russia and China, particularly in the context of great power competition. But it is still a work in progress, and many obstacles remain before it can realize its potential.

As much as any other single development, China’s rise over the past two decades has remade the landscape of global politics. China rapidly transformed its economy from a low-cost “factory to the world” to a global leader in advanced technologies. Along the way, it has transformed global supply chains, but also international diplomacy.

Tensions in the US-China relationship may be easing amid a firmer commitment to the rules based order.

The U.S.-China rivalry will shape the course of international politics in the 21st century. Hence, any insights that can be gleaned on the state of bilateral relations from the meeting two weeks ago between Secretary of State Antony Blinken and President Xi Jinping are worth evaluating. And the insights to be gleaned are encouraging.