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4 - Economic Statecraft

Published online by Cambridge University Press:  28 July 2022

Yong Deng
Affiliation:
United States Naval Academy, Maryland
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Summary

Building on the discussion of the Belt and Road Initiative, the chapter offers a comprehensive inquiry into China’s economic statecraft. It first argues that the analogy often drawn between the BRI and the Marshall Plan misconstrues contemporary China’s economic statecraft. It then examines how the interest communities and partnership diplomacy serve as mechanisms for China’s economic influence. The next section considers how, with Chinese economic ascendancy in Asia, a semblance of Chinese centrality in Asia is emerging. The following section looks at China’s global influence effect in terms of the international discourse on its great-power standing as well as its drive for technical standard-setting in key industries. Lastly, the chapter discusses the built-in limits of the BRI and broad limitations of the Chinese economic statecraft in the twenty-first century.

Type
Chapter
Information
China's Strategic Opportunity
Change and Revisionism in Chinese Foreign Policy
, pp. 104 - 141
Publisher: Cambridge University Press
Print publication year: 2022

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  • Economic Statecraft
  • Yong Deng, United States Naval Academy, Maryland
  • Book: China's Strategic Opportunity
  • Online publication: 28 July 2022
  • Chapter DOI: https://doi.org/10.1017/9781009105095.005
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  • Economic Statecraft
  • Yong Deng, United States Naval Academy, Maryland
  • Book: China's Strategic Opportunity
  • Online publication: 28 July 2022
  • Chapter DOI: https://doi.org/10.1017/9781009105095.005
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Economic Statecraft
  • Yong Deng, United States Naval Academy, Maryland
  • Book: China's Strategic Opportunity
  • Online publication: 28 July 2022
  • Chapter DOI: https://doi.org/10.1017/9781009105095.005
Available formats
×