Short-term gains for China from US-Iran war may turn to longer-term pain

Beijing may be reaping some diplomatic benefit but Trump's war holds risks for its energy security and economy

Two months ago, China's foreign minister, Wang Yi, promised it would be a big year" for China-US relations. He was right, but perhaps not in the way he expected.

Wang was speaking before a planned visit by Donald Trump to Beijing in March, which would have been Trump's first trip to China since 2017. But the trip, and a meeting with China's president, Xi Jinping, was kicked back by several weeks after Trump decided to launch strikes with Israel against Iran, starting a war in the Middle East that has caused a global energy crisis and roiled diplomatic relations across the board.