Seventy million people around the world have been dragged into extreme poverty due to the COVID-19 pandemic. In Europe, The ongoing Russian-Ukraine conflict has caused an energy crisis and high inflation. And, around the world, rising economic and geopolitical tensions continue to further destabilize and strain relations. Is deglobalization the new trend now? How has the Ukraine crisis impacted the global order? Is it still possible for China and United States - the world's two leading economies - to stop decoupling and recommit themselves to improving trade and other exchanges?