Beijing’s activity in world affairs has been steadily increasing since the global financial and economic crisis of 2008-2009. There is no doubt that China, which has substantially increased its economic and financial strength, has set off on a path of sustainable growth to play a key role in global economic governance; it is improving its leadership potential on the world stage and gradually building a China-centric system of international rules, norms and institutions. Processing its “rise”, China has already moved beyond the stage of incorporation into the international order, where it had functioned in a playing field which had been established by Western countries, and started reformatting the existing international system in accordance with its own interests and development needs. At the same time, it appears that Beijing has no clear and future-oriented strategy to become a global leader (a so-called “Grand strategy”). The increase of China’s role in world processes was to some extent a surprise to the Chinese themselves, and to some extent an objective process, the cumulative result of individual measures taken by China, designed to solve the specific tasks of China’s economic development....Valdai Analytics
The Rise of China and the Creation of a China-Centric International Economic System
No comments:
Post a Comment