The G7 summit that just ended on Sunday will play a big role in determining the new international landscape. After the G7, there will be a series of major international meetings, but the leaders of the CCP are excluded.
Russia, which the CCP is desperately trying to bring in, is clearly going to stay out of the conflict between China and the United States. President Putin, while praising President Trump, said he could work with Biden.
Since the spread of the pandemic, the CCP has been using vaccines to pull in developing countries. However, the outbreak is getting worse in those countries and they now have to turn to the United States and Europe to get vaccines.