Challenges to China's Economic Statecraft: A Global Perspective

Description

Fueled by its surging economic strength, China has been increasingly utilizing economic tools such as trade, foreign aid, foreign direct investment, and sanctions to pursue strategic and security interests on the world stage. This approach, known as economic statecraft, has thus far received mixed policy results and ambivalent reactions from the international community. This book presents a collection of global assessments of China's economic statecraft. The contributors to this volume answer three key questions: What are the challenges faced by China’s economic statecraft? Why is China sometimes able to achieve its foreign policy objectives via economic statecraft and sometimes not? How do foreign countries, particularly the targets of China’s economic statecraft, respond to China's strategies? This comprehensive study examines economic statecraft in the context of more than a dozen nations and international organizations across four continents, thus providing a truly global perspective. Contents List of Abbreviations Introduction • Yi Edward Yang and Wei Liang PART I: CHINA’S ECONOMIC STATECRAFT IN BILATERAL RELATIONS 1 The New Great Game in Central Asia? The Belt and Road Initiative and Its Implications for Sino-Russian Relations • Laura Bunting 2 Sanctions Effectiveness in the China-South Korea THAAD Dispute: The Importance of Target State Considerations • James F. Paradise 3 Middle Powers and China’s Economic Statecraft: Charting Variance in “Strategic Value” • Stephen Noakes and Charles Burton PART II: CHINA’S ECONOMIC STATECRAFT IN REGIONAL RELATIONS 4 Can China’s Economic Statecraft Win Soft Power in Africa? Unpacking Trade, Investment, and Aid • Pippa Morgan 5 Chinese Economic Statecraft and the Gulf Cooperation Council • Jonathan Fulton 6 Pulling the Region into Its Orbit? China’s Economic Statecraft in Latin America • Wei Liang 7 Blackening Skies for Chinese Investment in the EU? • Bas Hooijmaaijers 8 Nuclear Infrastructure Investment: China’s New Tool of Economic Statecraft? • Biao Zhang PART III: CHINA’S ECONOMIC STATECRAFT: CREATING AND SHAPING INTERNATIONAL INSTITUTIONS 9 Expanding Normative Power in Financial Governance through Economic Statecraft? The Case of the AIIB • Zhongzhou Peng and Sow Keat Tok 10 China’s Coherence in International Economic Governance • Marcia Don Harpaz 11 Toward a Responsible Great Power? A Formal Analysis of China’s Contributions to UN Peacekeeping Operations • Min Ye and Quan Li Index About the Contributors