The shrinking of ambitions away from the Indian Ocean, as reflected in the reversion to the ‘Pacific Command’, suggests that the [U.S] is ceding the continent, including West Asia, to China.
[T]his blacklist has long since superseded its original military-related purpose and is now Washington’s means of tracking and suppressing China’s top enterprises.
The Beijing summit did not produce a major agreement between the great powers on the region, but it firmly established that Middle Eastern crises are now deeply tied to the great-power dialogue.