China has significantly enhanced its global influence and participation in international affairs over the years. It has proven itself as an influential economic and political power. As a neutral party, it could potentially mediate in the disputes like those in Palestine and Ukraine. Nevertheless, the effectiveness of its role as a peace broker would depend on several factors, such as its relationships with the involved parties, its impartiality, its influence on the international stage, and its ability to enforce any agreement it helps broker. While it could bring the parties together for negotiation, the main challenge is whether the parties involved are willing to cooperate and reach a mutually beneficial agreement.
Beyond this, there are potential limitations with China’s ability to maintain impartiality due to its development and strategic interests, especially in relation to global superpowers like the US and Russia who also have significant stakes in these conflicts. Therefore, while China has the potential to contribute to global conflict resolution, its effectiveness will depend on a variety of complex factors.