India, Jan. 28 -- If the end of 2024 saw the rise of a new era in the United States (US), it appears to have happened at its creation, the United Nations (UN), too, making China a near equal of the US. On Christmas Eve, the UNGA adopted a new scale of assessments for the UN's regular budget upping China's share to 20% and making it almost equal to that of the US, which has capped its share at 22% for years.

The regular budget of the UN, pegged at $3.7 billion for 2025, though small in absolute terms, finances the main UN Secretariat and salaries of key UN personnel and hence its influence can hardly be overstated. In fact, the assessed level is an indicator of the relevance of individual member-states in the power game of nations, the UN...