China’s response to Russia’s war against Ukraine has been heavily scrutinized and criticized. While Chinese officials have expressed concern about civilian casualties, they have declined to condemn the attack, which they regard as a response to NATO expansion, and they have declared that they will not join the West in imposing financial sanctions on Russia. Yet China has hardly given full-throated support to Russian President Vladimir Putin. The question is whether this relatively neutral stance by China could prove crucial to preventing further dangerous military escalation.

With war raging in Ukraine, China’s annual “Two Sessions” convey an image of a country in denial. As the Communist Party and its advisory body gather in Beijing this month, there has been little or no mention of a seismic disruption in the world order – an omission that is all the more glaring in view of China’s deep-rooted sense of its unique place in history. With its unabashed great power aspirations, modern China may well be at a decisive juncture.

History’s turning points are rarely evident with great clarity. But the February 4 joint statement of Russian President Vladimir Putin and Chinese President Xi Jinping as the Winter Olympics opened in Beijing may be an exception – signaling a new turning point in a new Cold War.

The innovation allowed the United States to lay aside its ideological “domino theory” in Asia and transformed China and the United States from enemies to friends. It also inspired a great political awakening in other countries.

As the anniversary of President Nixon’s secret trip to China in February 1972 approaches, it’s critical to recall the dramatic changes that occurred between China, the United States, and the world.

The positive turn initiated by Richard Nixon 50 years ago seems to have ground to a halt. The China-U.S. relationship has hit a low point. But while America has come to regard China as its primary strategic competitor, there are ways to get back on track.

Past experience is a guide for the future, so what can we learn today from the normalization of China-U.S. relations? First, we must be realistic. Second, we must be willing to break conventional rules.

China is interwoven with the American economy and far more open and free than it was in 1972. If ideology did not prevent normalization when Nixon broke the ice, it should certainly not impede bilateral relations today.

In the age of globalization, foreign policy sways our daily life more than people could imagine. A trade war leads to soaring price of consumer goods, which means you have to pay more for groceries, and sanctions on solar panels could mean more greenhouse gas emission, which creates greater peril of climate change. Disturbingly, Washington’s current China policy, a policy that could mean the difference between war and peace, prosperity and destitution, is based on some seriously misleading claims.

India is stepping up to seek out stronger relationships with Southeast Asian countries, showing that China is not the only nation in the Pacific region that can provide boons and benefits to friendly partners.