Latest Research News on Rise of China : May 2022

The Rise of China in Chinese Eyes

The rise of China will create a huge market that will eventually make substantial contributions to scientific progress. The rise of China will benefit the Chinese as well as the rest of the world. Economic globalization makes it impossible for any country to keep its scientific and technological achievements from benefiting others. Every rich country inevitably invests largely abroad and imports many products from others. During the process of economic globalization, the rise of China will inevitably stimulate world economic growth by more inventions, investment, and importation. It is natural that there will be different views about the rise of China. Despite this, everyone agrees that China will increasingly play an important role in global affairs as China’s modernization has a major impact on the world. [1]


The Rise of China: What, When, Where, and Why?

China has emerged as the fastest-growing economy in the world. In this context, I discuss the antecedents, characteristics, and consequence of China’s rise in the world economy with reference to the “four W” framework (What, When, Where, and Why). This article provides insights into the role of exports and FDI in China’s rise. Theoretical as well as real-life factors contributing to this success are also listed. Comparative analysis with other emerging countries, such as India, is provided. In addition, directions for future research are outlined. [2]


Fostering Stability or Creating a Monster? The Rise of China and U.S. Policy toward East Asia

This article explores two starkly contrasting analytic approaches to assessing the performance of U.S. security strategy in East Asia since 1991: a positivesum approach, emphasizing the danger of security dilemmas and spirals of tension, and a zero-sum approach, emphasizing power competition and the long-term dangers posed by China’s rise. In the policy world, the differences between these apparently irreconcilable perspectives are not so clear. Certain policies—for example, maintaining a strong U.S.-Japan alliance—flow from either logic. Moreover, each approach sometimes counsels counterintuitive policy prescriptions that are generally associated with the other. Relatively assertive U.S. security postures apparently have furthered positive-sum regional goals by catalyzing China to adopt reassuring policies toward its neighbors as a hedge against potential U.S. encirclement. From a zero-sum perspective, the United States often competes more effectively for regional influence by cooperating with China than it would by seeking to contain China’s economic growth and diplomatic influence.[3]

The Rise of China: The Emergence of a Bipolar Superpower and the Implication for the Future of International Law

With the continuing rise and influence of China in the international system, the world is gradually transforming from a unipolar world to a bipolar world. A critical analysis of recent events happening in the world suggests a decline in the power of the USA while China, on the other hand, has over the years embarked on numerous measures to strengthen its military and economic might in the international system.

This article contributes to existing knowledge and literature by giving a comprehensive view of events that suggests the decline in the power of the USA, as well as measures that China has over the years embarked on to increase its influence in the international system such as  “ the One belt One road” initiative.

The methodology adopted for the study is the qualitative approach of which the works of scholars that focus on the rise of China was analyzed and reviewed. Materials used include information from the internet, journal articles and policy documents.

The article gives a picture of the possible implications that the emergence of a bipolar world due to the rise of China will have on the practice and application of international law and concludes by suggesting that with the current global challenges of the world such as terrorism, the massive inflow of refugees, the need for a general consensus on policies to protect the ecology etc. bipolarity is the best way to deal with such challenges. Thus, if the USA and China are to collaborate and corporate effectively with one another, the challenges of the world could be efficiently dealt with. It is thus recommended that the two countries bury their ideological difference and think of ways by which they could make international law stronger and effective to deal with the challenges that the world is confronted with. [4]


The Differentiated Research of China’s Monetary Policy’s Effect on Stock Price under the SVAR Model—-Empirical Analysis Based on Different Economic Backgrounds

This paper empirically analyzes the impact of China’s monetary policy on stock price in different economic backgrounds by constructing the SVAR (Structural Vector Auto Regression) based on the standard VAR (Vector Auto Regression). The results show that: (i) In different economic backgrounds, the direction and size of China’s monetary policy’s impact on stock price are not same; (ii) There exist different impacts on stock price from monetary policy in short run, but in long-term the impacts do not exist in two economic backgrounds.[5]

Reference

[1] Xuetong, Y., 2001. The rise of China in Chinese eyes. Journal of Contemporary China, 10(26), pp.33-39.

[2] Paul, J., 2016. The rise of China: what, when, where, and why?. The International Trade Journal, 30(3), pp.207-222.

[3] Christensen, T.J., 2006. Fostering stability or creating a monster? The rise of China and US policy toward East Asia. International security, 31(1), pp.81-126.

[4] Kwarteng, A.H. and Atuahene, E., 2018. The Rise of China: The Emergence of a Bipolar Superpower and the Implication for the Future of International Law. Asian Research Journal of Arts & Social Sciences, pp.1-12.

[5] Leng, J. and Tang, P., 2013. The Differentiated Research of China’s Monetary Policy’s Effect on Stock Price under the SVAR Model—-Empirical Analysis Based on Different Economic Backgrounds. Journal of Economics, Management and Trade, pp.429-441.

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