Везде
China: Overcoming the Crisis
Table of contents
Annotation Estimate Publication content
References Comments
Share
QR
Metrics
China: Overcoming the Crisis
Annotation
PII
S086919080011172-6-1
DOI
10.31857/S086919080011172-6
Publication type
Article
Status
Published
Authors
Alexander I. Salitsky 
ORCID: 0000-0001-6134-768X
Occupation: Principal Researcher
Affiliation: Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO)
Address: Moscow, Profsoyuznaya Str., 23, Moscow, 117997, Russian Federation
Nelli K. Semenova
ORCID: 0000-0001-7872-8972
Occupation: Senior Researcher, Institute of Oriental Studies, Russian Academy of Sciences
Affiliation: Institute of Oriental Studies, Russian Academy of Sciences
Address: Moscow, Rozhdestvenka st., 12, Moscow, 107031, Russian Federation,
Edition
Issue 5
Pages
161-171
Abstract

At the turn of the second and third decades of this century, the global economic dynamics is again deteriorating. The crisis is likely to be not only cyclical, but also systemic.  Over the decade, globalization has stopped and a new trend coined as «de-globalization» started  - a decrease in the role of external factors in the world economic development. The situation at the beginning of 2020 was aggravated by the global economic collapse due to sanitary measures taken in the leading countries of the world due to the coronavirus pandemic.

Deglobalization fully manifested itself in China, which never lost sight of the importance of independence and self-reliance. China pretends to keep globalization going on - taking into account emerging problems and the necessary adjustments.  The country has already launched the Belt and Road initiative as an alternative to hyperglobalization. The relationship between openness and self-reliance in China is interpreted dialectically: openness to strengthen the ability to rely on one’s own forces, relying on one’s own forces, to open the economy even wider.

The new role of China in world and regional affairs is combined with the usual manner of bilateral and multilateral consultations. It seems that this particular country is capable of giving favorable impulses to the economy of its neighbors in the near future. Now the main thing on the agenda was to overcome the economic downturn caused by tough measures to combat the epidemic. The various measures taken by the Chinese leadership are now of no less interest than the further fate of globalization.

Keywords
China, self-reliance, deglobalization, pandemic, crisis, overcoming.
Received
03.09.2020
Date of publication
31.10.2020
Number of purchasers
18
Views
1371
Readers community rating
0.0 (0 votes)
Cite Download pdf 100 RUB / 1.0 SU

To download PDF you should sign in

Full text is available to subscribers only
Subscribe right now
Only article and additional services
Subscription benefits
100 RUB / 1.0 SU
Whole issue and additional services
Subscription benefits
880 RUB / 16.0 SU
All issues and additional services for 2020
Subscription benefits
4224 RUB / 84.0 SU

References

1. 1. Bello W. The Answer: De-Globalize. Far Eastern Economic Review. 29.04.1999. P. 61

2. China's Hainan sees surging investments in B&R countries in 2019. People’s Daily. 31.03.2020. – URL: http://en.people.cn/n3/2020/ 0331/c90000-9674632.html (дата обращения – 01.04.2020).

3. Coronavirus: China says it has sold nearly 4 billion masks abroad. Straight Times. 05.04.2020. – URL: https://www.straitstimes.com/asia/east-asia/coronavirus-china-says-it-has-sold-nearly-4-billion-masksabroad?cx_ testId=20&cx_testVariant=cx_5&cx_artPos=3#cxrecs_s (дата обращения – 15.04.2020).

4. Diamond P. The Crisis of Globalization: Democracy, Capitalism and Inequality in the Twenty-First Century. Policy Network. February, 2019. Pp. 5-12.

5. Essays on World Affairs in the 1980’s. Beijing, 1986. P. 153.

6. Lardy N. China’s Entry into the World Economy. New York, London: University Press of America. 1987. Pp. 44-45.

7. Law of the People's Republic of China on the People's Bank of China – 2003. – URL: http://www.lehmanlaw.com/resource-centre/laws-and-regulations/banking/law-of-the-peoples-republic-of-china-on-the-peoples-bank-of-china-2003.html (дата обращения – 20.01.2020).

8. Over 80% of Chinese firms in BRI optimistic on future. China Daily 21.11.2019. – URL: http://www.chinadaily.com.cn/a/201911/21/ WS5dd61439a310cf3e35579007.html (дата oбращения – 21.11.2019).

9. Rowley A. Why China – not the US – remains key to Asia’s trade and economic recovery after Covid-19. South China Morning Post. 27.04.2020. –URL: https://www.scmp.com/comment/opinion/article/3081509/why-china-not-us-remains-key-asias-trade-and-economic-recovery (дата обращения –28.04.2020).

10. The Third Plenary Session of the 12th CPC Central Committee Approves Economic Reforms. Beijing, Foreign Language Press. 1985. Pp.25-27.

11. UNCTAD. Trade and Development Report 2019: Financing a Global Green New Deal. P. iii. – URL: https://unctad.org/en/PublicationsLibrary/ tdr2019_en.pdf (дата обращения –25.03.2020).

12. Witt M. De-globalization: Theories, predictions, and implications for international business research. Journal of International Business Studies. Apr 2019. Pp. 1053-1077.

13. Lǐkèqiáng: Yuè shì yù dào kùn nàn jiù yuè shì yào kuòdà gǎigé kāifàng. [Li Keqiang: The more difficulties we encounter, the more we need to expand reform and opening up]. – URL: http://www.gov.cn/premier/2020-03/12/content_5490395.htm (дата обращения – 15.03.2020) (in Chinese).

Comments

No posts found

Write a review
Translate