Chinese leader Xi Jinping and Russian leader Vladimir Putin walk in front of rows of armed soldiers
Russia's President Vladimir Putin and China's President Xi Jinping attend an official welcoming ceremony.
  • Joe Biden exited the presidential race, endorsing Kamala Harris as his successor.
  • Analysts say leaders like Vladimir Putin and Xi Jinping could interpret it as a sign of US decline.
  • Authoritarians are not used to giving up power like Biden did, albeit under pressure.

In a dramatic but increasingly expected turn of events, Joe Biden exited the presidential race on Sunday via a letter posted on social media.