The cold war is now really up and running.
This can have economic benefits for the west. This will be totally at a loss for Russia and China.
I am totally against labeling human beings as winners and losers. That was something very prevalent in corporate America in the past.
I am all for labeling despotic regimes as led by losers…and other labels.
Its tough to say the cold war applies to China. Russia has raw materials we need like oil and natural gas. But does little manufacturing or exporting. Vodka, caviar, furs. Anything else?
China is manufacturer for the world. Shutting down trade with China would be devastating. They have strong infrastructure and are vertically integrated in many lines.
The West cannot do without China. There would be much screaming and gnashing of teeth.