Amid the conflict between the US, Israel, and Iran, which has effectively blocked the Strait of Hormuz, analysts suggest that China has opted for a 'holding strategy' rather than direct involvement. This strategy stems from China's belief that it can withstand the current turmoil longer than the US, even if it incurs certain costs in the process. The analysis indicates that China views the potential weakening of US global leadership as a strategically greater benefit, despite some exaggerated expectations that China could influence Iran to help resolve the crisis.

Michael Cunningham, a senior research fellow at the Stimson Center, stated in a recent interview that despite challenges such as disruptions in energy supply, China perceives itself as being capable of weathering the storm longer than the US. He highlighted that China's structural resilience during shocks—evidenced in past trade conflicts and COVID-19 measures—poses it to endure the current situation better than certain other countries. Cunningham noted that China's energy dependency is not uniform, as it has a diversified energy portfolio that includes domestic coal, oil production, and renewable energy, allowing it to absorb shocks over time.

Cunningham also raised the possibility that China views the current turmoil as a strategic opportunity, attempting diplomatic resolution with Iran while simultaneously noting the damage to US global leadership and reputation. He emphasized that the situation does not pose an immediate existential threat to China, thus reducing the urgency for drastic measures on its part. He suggested that over time, other nations, including the US, might find themselves unable to withstand the upheaval and will need to address the diplomatic challenges arising from the crisis, potentially leading to a shift in the geopolitical landscape in favor of China.