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11. Between State Capitalism and Economic State Craft: China INC.

Author:
Sadia Rahman
Publication Date:
08-2024
Content Type:
Journal Article
Journal:
Uluslararasi Iliskiler
Institution:
International Relations Council of Turkey (UİK-IRCT)
Abstract:
China’s economy underwent regulatory, structural as well as spatial makeovers since the increase of opening up and reforms in 1978. Intermittent policy interventions have been implemented by the Chinese state to ensure that the economy plays a vital role. Relatedly, the Communist leadership’s economic perspective was shaped by two key attributes: ideology and functionality (pp. 8, 11, 42, 119, 148, 313, 314). From an ideological perspective, the legacy of reforms was as crucial as the equitable principle of Communist rule in China, as both ensured the party’s survival and its control over the state. From a functional perspective, the state’s performance remained an essential indicator for China to achieve economic growth and improve the living conditions of its people. In his book, Between State Capitalism and Economic State Craft: China INC, China expert Aravind Yelery captures the systemic reflections of these transitions, mapping how the state fused growth and encouraged further opening to help China manifest its rise. The book delves into China’s growth models examining how these contradictions are ‘chosen ones’ and how China aims to rally its economic statecraft globally. The central crux is the Communist Party of China’s (CPC) authority retention over the economy by preventing the state from giving up control over important sectors and industries. State-Owned Enterprises (SOEs) played a vital part in achieving this goal in China’s economy, allowing the CPC to control governance. Thus, the chapters are significantly interconnected enlightening on the ascendancy of capitalist approaches in the CPC, exploring how China managed to defy the decline experienced by previous communist regimes. The explanation of SOEs is presented as a key factor in establishing effective domestic economic controls, ultimately enabling China to exert its dominance in global economic affairs.
Topic:
Economics, Regulation, and State Capitalism
Political Geography:
China and Asia

12. The US Should Enhance Economic Engagement with Taiwan

Author:
Min-Hua Chiang
Publication Date:
07-2024
Content Type:
Special Report
Institution:
East-West Center
Abstract:
Dr. Min-Hua Chiang, East-West Center Adjunct Fellow and a Non-Resident Senior Fellow at the University of Nottingham’s Taiwan Research Hub, explains "Further strengthening Taiwan’s economy will make it more capable of bearing the financial burden of defending the island against a Chinese invasion…," and this imperative is compounded as Taiwan is “a critical player in America’s competition with China in the global semiconductor industry.”
Topic:
International Relations, Economics, Science and Technology, Leadership, Regional Economy, and Economic Engagement
Political Geography:
China, Taiwan, Asia, and United States of America

13. US Perspectives on Sino-Russian Cooperation in the Arctic and Roles for Partners

Author:
Rebecca Pincus
Publication Date:
08-2024
Content Type:
Special Report
Institution:
East-West Center
Abstract:
Dr. Rebecca Pincus, Director of the Polar Institute at the Wilson Center, explains that "The development of Russia’s Arctic hydrocarbons is dependent on foreign investment and advanced technologies; as the West has withdrawn from Russia, China is an important, if imperfect, substitute..."
Topic:
International Relations, Economics, Bilateral Relations, Sanctions, and Hydrocarbons
Political Geography:
Russia, China, Arctic, United States of America, and Indo-Pacific

14. South Korean Perspectives on China-Russia Collaboration in the Arctic

Author:
Young Kil Park
Publication Date:
08-2024
Content Type:
Special Report
Institution:
East-West Center
Abstract:
Dr. Young Kil Park, Research Fellow at Korea Maritime Institute, explains that "While the immediate impact of China-Russia collaboration in the Arctic on South Korea is limited, it remains wary of the long-term implications for its economic and security interests."
Topic:
Security, Economics, Politics, Bilateral Relations, and Collaboration
Political Geography:
Russia, China, Asia, South Korea, North Korea, and Arctic

15. Rise of Economic Nationalism in Emerging Economies and the Influence of Elections

Author:
Michio Ueda
Publication Date:
08-2024
Content Type:
Special Report
Institution:
East-West Center
Abstract:
Mr. Michio Ueda, President of Geopolitics & Strategy and Visiting Lecturer University of Tokyo, examines "the intersection between economic nationalism and recent elections in Indonesia and India" and finds that "industrial policy is not a significant point of political contention" and elections "serve as an opportunity to gain legitimacy for policies supporting economic nationalism."
Topic:
Economics, Industrial Policy, Nationalism, and Elections
Political Geography:
China, Indonesia, India, Asia, and United States of America

16. The Motives for Chinese and Western Countries’ Sovereign Lending to Africa

Author:
Eckhardt Bode
Publication Date:
05-2024
Content Type:
Working Paper
Institution:
Kiel Institute for the World Economy (IfW)
Abstract:
This paper is one of the first to show systematically that the motives for sovereign lending to African countries differed considerably between China and Western countries during the last two decades. While Chinese lending mainly served its own economic or geopolitical objectives, which is well-known from the existing literature, Western countries’ lending also pursued objectives that appear to be at odds with their self-interests but whose precise nature is not yet well-understood. Using a new, da-taset on loans from China, Western countries and multilateral organizations to African countries, I empirically examine a broad variety of potential motives, aim at separating the motives pursued by the national governments from those pursued by their lending agencies, and employ an estimation strategy with increasingly complex fixed effects that yields additional interesting insights into the specificities of the motives.
Topic:
Economics, Emerging Markets, International Trade and Finance, Financial Crisis, Geopolitics, and Sovereign Lending
Political Geography:
Africa, China, and Global West

17. Russia and China in Central Asia: Potential For Direct Competition

Author:
Maximilian Hess
Publication Date:
04-2024
Content Type:
Special Report
Institution:
Foreign Policy Research Institute (FPRI)
Abstract:
China is now undisputedly the leading economic partner for the Central Asia region, with trade and investment continuing to increase despite Beijing’s economic slowdown. Russia is still the dominant political partner for the region, but its influence and ability to strong-arm Central Asian states has been significantly dented by the impact of Vladimir Putin’s full-scale invasion of Ukraine. Central Asian states are now able in tacitly criticize Putin’s actions without significant cost and some have taken advantage of the negative impacts of Russia’s international isolation and sanctions to strike beneficial deals, in particular Uzbekistan and Kazakhstan. Moscow remains content in its position, knowing that the lack of democracy in the region and dominance of elite networks in business and politics mean that regional states are still willing to turn to Moscow for political support, as witnessed in the Kyrgyz Republic in particular since President Japarov came to power in 2020. Tensions between Beijing and Russia have failed to emerge, at least publicly, although if the current trends continue the potential for direct competition may increase.
Topic:
Foreign Policy, Economics, Strategic Competition, and Regional Power
Political Geography:
Russia, China, Central Asia, and Asia

18. Understanding and Countering China’s Global South Strategy in the Indo-Pacific

Author:
John Lee
Publication Date:
09-2024
Content Type:
Special Report
Institution:
Hudson Institute
Abstract:
While the United States and advanced economies and democracies in Europe and Asia are hardening their views of and position against China, the latter is gaining much ground with respect to the developing economies of the Global South. Indeed, China increasingly demands that developing nations base their discourse and policies on approaches that Beijing supports, and many Global South nations are increasingly complying. In other words, a growing number of these nations have started to alter and adopt discourse and policies that better align with Chinese demands and preferences. In the Indo-Pacific, a region that will largely determine the future shape of the global strategic landscape, evidence shows that developing nations are absorbing Chinese norms and preferences and gradually adjusting their thinking and behaviors accordingly. China’s progress vis-à-vis the Global South—especially in the Indo-Pacific—relies on what material inducements and opportunities Beijing can offer. These are most successful when they prioritize rapid development and regime security over liberal economic rules and individual rights. Meanwhile, regardless of where the fault lies, many developing nations do not believe they have benefited as much materially or institutionally from the US-led order as they would like or expect. Members of the Global South often believe the Chinese narrative about the alleged failure of US-led globalization in the post-colonial and post–Cold War periods. For this reason, many in developing economies believe that the interests and values of these nations (or at least those of the regimes in power) better align with what China is promising than with what Washington is delivering. The US and allies such as Japan and Australia have to accept and respond to this reality. This report analyzes and assesses why and how China is making worrying progress when it comes to shaping and influencing the policies and actions of developing economies in the Indo-Pacific. It explains why this is a significant problem for the US and its allies. It then offers some recommendations to counter the Chinese Global South strategy in the region. In offering six recommendations, this report argues that the US can complicate China’s bid for leadership within the Global South, increase the cost and risk for Beijing, challenge and change narratives and discourse favoring China in the Global South, and compete more effectively in the normative and institutional context.
Topic:
Foreign Policy, Economics, and Strategic Interests
Political Geography:
China, Global South, and Indo-Pacific

19. The Global Impact of China’s Water and Related Environmental Problems

Author:
Thomas J. Duesterberg
Publication Date:
03-2024
Content Type:
Policy Brief
Institution:
Hudson Institute
Abstract:
The quantity, location, and quality of water resources in China have long been a distinguishing and even defining characteristic of its history. Records at least as far back as the Ch’in era in the third century BC note the presence of massive waterworks such as irrigation and transportation canals. Terraced rice fields in hilly areas in central and southern China remain iconic images of Chinese civilization. During a contentious and important debate in the mid-twentieth century, geographers and political scientists asked whether the erection of a “hydraulic society” was the explanation for what political scientist Karl Wittfogel identified as “oriental despotism.”1 The German-trained academic argued that the existential requirement to contain endemic flooding and move water from the massive rivers of central and southern China to agricultural areas necessitated an authoritarian system for deploying labor on the scale required for hydraulic engineering projects spanning the continent. Chairman Mao Zedong drily noted at the beginning of his reign that “there is a lot of water in the south and not much water in the north . . . borrowing some water would be good.”2 Mao was soon to unleash the massive workforce of China to renew and expand efforts over the centuries to get water to farmland, control flooding, and reengineer the landscape of modern China. Even without exaggerating the centrality of water issues for historical China, in the modern era water resources are clearly still vital to the country’s economic and ecological health. And hydraulic engineering projects have become increasingly important, both to China’s Asian neighbors and to the global environment. An important new survey of the “ecological history” of modern China concludes that “in growing from impoverished giant to wealthy superpower in seventy years, China has sacrificed whatever resilience its ecosystem once possessed. It has polluted and poisoned its air, water, and soil . . . it has turned forests into plantations and seen deserts expand . . . and has seen lakes come to resemble green paint.”3 Unfortunately, China’s ecological problems have increasingly had negative impacts outside its borders. China’s unprecedented geoengineering to move water from the south to the north is now imperiling both the water resources available downstream from Tibet and the Hindu-Kush mountains, and the economy and ways of living of literally billions of people. China needs ever more land to grow higher quality food and produce higher yields, which frees up land for housing its population. These efforts have led to deforestation not only in China but also in South America and South Asia. And the consistent choice of Beijing’s leadership to drive economic growth at the expense of environmental health has led to dangerous levels of water pollution and poor soil health in China. Environmental degradation has become a growing political issue in China, and its export of this problem has incited considerable international concern. This study explores these issues with a focus on water resources, and it outlines the regional and global impacts of Chinese policy. The study concludes with a discussion of China’s ability and ambition to address these problems as well as how affected countries can help move Chinese leadership toward a more constructive and cooperative effort to develop a solution.
Topic:
Economics, Environment, and Water
Political Geography:
China and Asia

20. Economic and Technological Zones: Economic Strategy in the Tibet Autonomous Region

Author:
Devendra Kumar
Publication Date:
07-2024
Content Type:
Journal Article
Journal:
China Brief
Institution:
The Jamestown Foundation
Abstract:
New Economic and Technology Development Zones (ETDZs) in the Tibet Autonomous Region (TAR) are focused on pockets of the Han population, which will exacerbate tensions within the region. The Tibetan economy is already largely under Han control (except for in the agriculture and livestock sectors), and Han people constitute the majority group in many of Tiber’s urban centers. The TAR government has set up the zones to import practices from elsewhere in the People’s Republic of China (PRC) and shift the region’s economy away from traditional sectors and toward export-oriented industries, construction, and even high-tech manufacturing. The TAR’s external trade is currently limited to Nepal, due to ongoing border tensions with India. Meanwhile, infrastructural challenges hampering the development of the Sichuan-Tibet railway or national highways connecting the TAR with other provinces suggest that further integration with the rest of the PRC remains some way off. In a related policy, the PRC has developed border towns strategically located near land border ports that it has built along its borders with India, Nepal, and Bhutan. Infrastructure buildup on the border could also serve a dual-use purpose in the case of a conflict, as has been the case in India in recent years.
Topic:
Economics, Science and Technology, Manufacturing, Trade, and Autonomy
Political Geography:
China, Asia, and Tibet