None of the challenges China has encountered since its establishment 70 years ago has been as multi-faced as the coronavirus pandemic. As the phase of severe emergency comes to an end, the rising superpower is now confronted with a deteriorating economy, unabridged state-society relations, a hostile regional setting, and an over-attentive international system. At the same time, Beijing is also looking at the wide network of projects it has been building across continents over the past seven years. Although the pandemic hit the pause button on daily life globally, the crisis has not erased these projects. Their re-start is now a major concern for China, as the country tries to navigate a new and uncertain post-pandemic international system. What are the main threats to China’s economic and political recovery in the short-term? Are relations between Beijing and its partners about to change? And what does the future hold for US-China competition and relations with Europe?