Who's the most powerful person on the planet right now? Xi Jinping, who just got a third term as boss of China's ruling Communist Party and got all his loyalists appointed to the CCP's top decision-making body. But having so much power comes with big tradeoffs.

Zero-COVID is saving Chinese lives, yet killing the Chinese economy. And Xi is feeling the heat from his increasingly muscular foreign policy.

On GZERO World, Ian Bremmer speaks to Antoine van Agtmael, the investor who coined the term "emerging markets" and knows a thing or two about China. He believes China is now the second largest economy in the world and soon to surpass the largest, the United States.