"China is willing to work with Spain to take Prime Minister Sanchez's visit to China as an opportunity to further deepen strategic mutual trust, intensify exchanges and cooperation, strengthen multilateral coordination, and push bilateral relations to new heights," said the spokesperson, Mao Ning.
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It’s one fallen empire recognising another on its way down. The brits would be the same if they could come to terms with being the withered husk of their past self
I think the nature and demise of Spain's empire is key. It was a massive, globe spanning empire with control of vast silver and gold - almost none of which remained in Spain. The Spanish Empire was stuck on a debt treadmill whereby other European powers hoovered up all that gold. Merchant cities in Italy and early capitalists in the Low Countries and England were huge beneficiaries of all that American gold and silver the Spaniards stole.
That meant the Empire was never capable of doing productive capital reinvestment back into the metropole. It never really got to industrialize and build the productive capacity to challenge the rising capitalist empires. By the end of the 19th century, it was hopelessly outmatched militarily, economically, and industrially by those capitalist empires and didn't get to meaningfully participate in their imperial competition.
Spain didn't develop a large industrial proletariat and mostly remained an underdeveloped agricultural peasant economy even into the 19th century. When the revolution failed, fascist Spain was backwards compared to the big European powers and sat on the geographic abd political periphery of the imperial core.
Spain has just never had the same skin in the imperial capitalist game as the major White Empires.
Another important thing to add that Spain was a late addition to the Western Empire, so it still has maneuvering power to be independent.