The West is going to basically collapse into a weaker sub-section of the global economy. More nations will follow the path of Hungary and sign belt and road agreements with China. All while European countries burned money on climate change "initiatives" that did nothing but hand over cash to donors, China did NOT have to give a nickel for the Paris Accord and they used plenty of money we gave them to bribe European nations.
As much as I have always rooted for us to win I have a grudging respect for Chinas leadership and intelligence agencies. They learned from the Soviets who tapped into our greed and old racial wounds, but China does it far better and even more ruthlessly. This is because they know how dependent billionaires are to make easy money so China poisons our citizens and promotes policies that harm our nation, from open borders to climate change spending.
Now with two EU nations under CHinas influence, what is the EU going to do? It will have to kick them out, become weaker and more divided. China has already weakened Germanies auto industry and forced them to devalue themselves when they promoted EV as the answer to saving the globe. They mothballed their nuclear power, France is now being flooded with cheap Chinese goods since the U.S has wisened up some. Notice how concerned Macron is now, he wasn't so concerned when France kept their premier status.
I've said for a few years that China is going to take over the world, Trumps election victory slowed them down but they are in acceleration mode. The attack on Taiwan may come sooner than we think and they will then own 90% of the most sophisticated chip technologies plus a key geographical waterway for trade.
The elite and political class in the West is the main reason for the failure and the clear double standards and hypocrisy have exposed it all. They will realize that money doesn't help them much when the communist overlords have control.