The figurative use is iconic - Mao Zedong's 1925 poem 《
沁园春·
长沙》 ends with the line
问苍茫大地,谁主沉浮? ('I ask the vast and hazy earth: who masters its rise and fall?') - a line so famous it's drilled into every Chinese high schooler. The word now carries that grand, fate-of-empires register whenever it's used metaphorically.