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Last week, while the election outcome remained undetermined, China’s Vice Foreign Minister Le Yucheng told reporters he hoped the next U.S. administration would “meet China halfway,” according to state media.

“Beijing will welcome the reality of a deeply divided US political system, including the fact that Republicans will probably retain control of the Senate,” Michael Hirson, practice head, China and Northeast Asia, at consulting firm Eurasia Group, and a team wrote in a note over the weekend.

They noted that a gridlock in Congress hampers U.S. efforts to launch ambitious policies against China’s rise, while the “messiness” of the election “are a propaganda victory for the Chinese Communist Party” to highlight the instabilities of a democracy.

“A perception that the US faces political dysfunction is just another reason for Xi not to make core concessions on key issues in the relationship, from Hong Kong and the South China Sea to China’s technology and industrial policies,” Eurasia Group said. “That points to a fragile equilibrium in bilateral ties that is more stable than under Trump but still tense and hotly competitive.”