Towards Rivalry or Concert? A China–US Financial Competition Triumvirate
Bibliographic Data
| ID | 12907231 |
|---|---|
| Authors | Falin Zhang (Nankai University, corresponding author) |
| Year | 2020 |
| Volume | 13 |
| Issue | 4 |
| Pages | 607-638 |
| Publication date | 2020-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Chinese Journal of International Politics (JOURNAL) |
| Journal identifiers | ISSN: 1750-8916 • E-ISSN: 1750-8924 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/cjip/poaa011 |
| OpenAlex | W3081504865 |
| Language | EN |
| Citations received | 2 |
Given the pivotal role of finance in interstate relations as a prominent source of international power, China–US financial competition, or even confrontation, could be more intense and devastating than trade conflict. It hence merits greater policy and academic attention and communication between the two states. This article takes stock of a triumvirate of Chinese views regarding China’s financial rise and potential China–US financial competition that has empirical and epistemological dimensions. Empirically, it signifies three major issue areas: Renminbi (RMB) strategies and dollar hegemony; the China–US financial imbalance and debt relations; and US dominance of global financial governance and ‘Zhongguo Fangan’—Chinese Solutions. RMB strategies to break dollar hegemony include a further three areas: International Monetary System reform; RMB internationalisation; and financial opening-up. Epistemologically, the empirical analyses present a triumvirate of embedded and interweaved angles: normative and universal; technical and micro level; and power and nationalist. Based on a triumvirate of perspectives, it argues that China’s financial rise is variously limited in relevant fields, and that China–US financial competition also varies according to different issue areas associated with different financial powers, and thus calls for a reductionist, field-specific, and pluralistic approach to managing China–US financial competition
China · Competition (biology · Dominance (genetics · Economics · Financial market · Hegemony · International trade · Internationalization · Macroeconomics · Political science · Politics · Renminbi · Rivalry · Global Financial Crisis and Policies · Global Financial Regulation and Crises · State Capitalism and Financial Governance · Finance
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,67 |
| Citation span | 2023 - 2024 (2) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 2 |