China’s participation in the WTO has been anything but smooth, as its self-proclaimed socialist market economy system has alienated its trading partners. The WTO needs to translate some of its implicit legal understanding into explicit treaty language, in order to retain its principles while accommodating China
Topic:
International Political Economy and International Affairs
China’s recent policy paper on the European Union shows that the country continues to recognize the EU as an important partner in many fields. A new, distressing element is that China has toughened its demands towards the EU to respect its core interests and to refrain from meddling in its internal affairs.
Topic:
Globalization, International Affairs, European Union, and Conflict
Multi-level competition is on the rise in the international system and the standoff between the US and China risks becoming a defining feature of international affairs. However, the future is not predestined: the European Union (EU) will play a major role in the development of the international order, whether through its absence or its engagement.
This Discussion Paper follows recent European Policy Centre publications and debates dedicated to revamping Europe’s approach to an increasingly challenging international context, which have delivered recommendations to:
equip Europe with the tools to govern interdependence and mitigate confrontation;
take a strong stance in defence of Europe while not endorsing a zero-sum interpretation of global affairs;
turn the EU into a global shaping power by pursuing a ‘rules-first’ strategy; and
frame Europe’s strategic autonomy in comprehensive terms, including the economic, technological and security and defence dimensions.
Topic:
Foreign Policy, International Affairs, European Union, and Strategic Autonomy
In 2017, the Chinese economy rebounded more significantly than expected. There is now general anticipation that growth in 2018 will fall slightly compared with that of 2017, but that it will remain stable at 6.5 percent or above. However, there are some factors that could lead to downward pressure on investment and consumption in 2018
Topic:
International Political Economy and International Affairs
This LSE IDEAS Special Report - with senior contributors from politics, journalism, and academia - looks at the internal causes and consequences of the return of the 'Middle Kingdom'.
It explores the extent to which Deng's momentous economic reforms in 1978 have shaped modern China, what the country's expanded international role under Xi means, and who really makes Chinese foreign policy.
Topic:
International Affairs and Global Political Economy
In his first term, Chinese leader Xi Jinping abandoned Deng Xiaoping’s foreign policy dictum of “keeping a low profile.” But China’s activism in the middle of Xi’s first term was still more reactive than creative. However, in the last two years a new phase of diplomacy has emerged, in which all actions are subordinated to China’s unchanging strategic foreign policy goal of regaining its superpower status. This means that China strives to enforce change in the global system, which is dominated by the West.[1] The PRC is already trying to introduce new standards for international relations and promotes its values and principles more aggressively worldwide. There are already examples that Xi is effectively implementing his ideas.
American Enterprise Institute for Public Policy Research
Abstract:
China is investing much less in the US than it did just a year ago. It has never invested much in the Belt and Road. Yet China’s global investment spending remains healthy, with impressive diversification across countries and the reemergence of private firms.
Topic:
International Political Economy and International Affairs
Russia and China play dissimilar roles in global governance and define their interests in this sphere in divergent ways. While the two states agree on certain international principles and norms, their engagement with global governance differs significantly. These differences pose the most serious long-term obstacle to closer cooperation between Moscow and Beijing
Xi Jinping Thought is aimed at guiding China both domestically and internationally. The goal is China’s national rejuvenation, which will break the global dominance of Western civilization. The revival must allegedly be led by a strong ideology guided by a strong and charismatic leader: Xi Jinping.
Based on the ancient Chinese ideal of “great unity under Heaven”, Xi’s long-term goal for China is the creation of a “community of a common destiny for Mankind”. So far, this idea has no concrete manifestations on the global scale.
Through the Belt and Road Initiative, China is building a regional community of common destiny in Central and Southeast Asia. This is both an indirect challenge to the existing “Western” system, and a step in delineating China’s sphere of influence.
Italian Institute for International Political Studies (ISPI)
Abstract:
This year marks the 40th anniversary of China’s reforms and opening up. In four decades, China has learned how to grasp the benefits of globalisation and has become a world economic champion. As the world’s second-largest economy, today China is no longer the factory of the world but an industrial power aiming at the forefront of major hightech sectors, in direct competition with Europe and the US. In sharp contrast with Trump’s scepticism on multilateralism, President Xi has renewed his commitment to growing an open global economy. But how does globalisation with Chinese characteristic look like? Is Beijing offering more risks or more opportunities to both mature and emerging economies? To what extent is China willing to comply with international rules and standards? Is Beijing trying set its own global rules and institutions? Is the world destined to a new model of economic globalisation detached from political and cultural openness?