Is the China Effect Real? Ideational Change and the Political Contestation of Chinese State-Led Investment in Europe
Bibliographic Data
| ID | 12907340 |
|---|---|
| Authors | Milan Babic (0000-0002-9179-8120, Roskilde University), Adam D Dixon (0000-0001-6175-906X, Maastricht University, corresponding author) |
| Year | 2022 |
| Volume | 15 |
| Issue | 2 |
| Pages | 111-139 |
| Publication date | 2022-04-14 |
| 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/poac009 |
| OpenAlex | W4225463512 |
| Language | EN |
| Citations received | 24 |
| References cited | 3 |
Chinese outward investment is increasing in its relevance for the global economy, and its effects on host states are increasingly being scrutinized globally. While European policy-making was ambiguous about the question of hosting Chinese state-led investment (CSLI) in the early 2010s, we can observe a recent surge of protectionist legal measures across Europe. What explains this trend among different European countries? Through the lens of incremental ideational change, we hypothesize that the rise of China as a global investor shifts the perceptions of policy-makers away from being a source of investment toward a potential threat to national security. We argue that this China effect affects advanced European economies similarly. We provide evidence by studying the shift in perceptions among policy-makers in a coordinated and a liberal market economy, Germany and the UK. By drawing on document analysis and expert interviews, we unpack the policy processes in both countries in the last decade. Despite being two dissimilar cases, both show a similar outcome in increasingly curbing CSLI on the grounds of national security reasons. Our results add important insights to recent International Political Economy discussions on the “geopoliticization” of European trade and investment rules in the face of a rising China
China · Economics · Investment (military · Political economy · Political science · Politics · State (computer science · State Capitalism and Financial Governance · Law
Avoiding the China shock
Naïve no more
Dragon at the gates of Belmont
The mutually transforming effect
News framings of Chinese investment in Brazil
Technology policy by other means? The recent history of state-owned acquisitions in Europe (2011–2020)
Green Windows or Old Traps? Geopoliticization, Extractivism, and Policy Challenges in the Global South
Africa’s roads to digital development
Balancing security and economics
An emerging ‘China-threat-corporatism’? CRRC’s acquisition of a German locomotive company and its impact on labour relations
Industrial relations in Chinese multinational corporations in Europe
Five modes of China’s economic influence
Explaining the EU’s policy shift toward China
Conceptualising Chinese transnational infrastructure projects in Europe and beyond
Mapping Corporate Investments Between China and Europe in an Era of Geoeconomic Competition
Selling Out Security? Reassessing the Securitisation of Chinese FDI in Europe
Chinese Multinationals and Europe’s Geoeconomic Turn
Economic Narratives and the Legitimacy of Foreign Direct Investments
Foreign investment screening mechanisms and emergent geographies of (post)globalization
Changing Causal Narratives and Risk Perceptions on Foreign Investment
De-risking, re-balancing and recentralising
The ‘going out’ of Chinese businesses and China’s economic statecraft
As Open as Possible, as Autonomous as Necessary
When Foreign Policy Becomes Trade Policy
| Unique citing works | 24 |
|---|---|
| Citations per year | 6 |
| Citation span | 2022 - 2026 (5) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 24 |