It's like comparing USA and Mexico
Russia is a declining power with nothing on the table to change that just policy to expedite the process. Putin will leave Russians in misery for generations.
GDP Russia= 1.283 trillion USD (Population 144.3 million)
GDP China= 11.2 trillion USD (Population 1.379 billion)
GDP Australia = 1.205 trillion USD (Population 24.13 million)
GDP USA = 18.57 ( Population USA 325.7 million )
compare to 2008:
GDP Russia= 1.661 trillion
GDP China= 4.598 trillion
GDP Aus =1.055 trillion
GDP USA =14.72 trillion
Just based on GDP.. Russia's on the way out, America is doing fucking great, Australia's stagnated, and China is off the charts!
As far as trade and power goes no one is more powerful than China, most wealthy countries are totally dependant on Chinese trade now. That position just gets stronger by the day, compare GDP's to 2008.
Interesting read in Australia yesterday
China no longer fears the United States