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Guest editorial

Guest editorial China’s rise and power shifts in Asia From the escalating maritime sovereignty disputes in the South China Sea to Sino-Indian border conflicts, there seems to be a dramatic transition from a USA-led interdependent security order into a disintegrating world, filled with antagonistic powers ready to challenge each other over geopolitical, ideological, social and economic matters. China today projects political, military and economic strength to rival the USA. The Belt and Road Initiative (BRI) and the Asian Infrastructure Investment Bank (AIIB) are the landmark initiatives in its drive to shape the global economic architecture. Combining the transformative power of state-controlled market economy and the resilience of authoritarian rule, China adapts certain tenets of neo-liberal capitalism such as welcoming foreign investment, deregulating its labour market and building infrastructure, while maintaining tight control over government, military, public security and information. As a state-controlled economy employing gradualist reforms in a post-communist era, China’s one-party rule produces a durable type of autocracy, outlasting Soviet communism and makes itself a model of development for other developing nations to follow. Meanwhile, the failure of Washington to denuclearize North Korea and Iran destroyed the perception of the USA as being capable of controlling the global arms race. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Social Transformations in Chinese Societies Emerald Publishing

Guest editorial

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Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1871-2673
DOI
10.1108/stics-09-2020-022
Publisher site
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Abstract

China’s rise and power shifts in Asia From the escalating maritime sovereignty disputes in the South China Sea to Sino-Indian border conflicts, there seems to be a dramatic transition from a USA-led interdependent security order into a disintegrating world, filled with antagonistic powers ready to challenge each other over geopolitical, ideological, social and economic matters. China today projects political, military and economic strength to rival the USA. The Belt and Road Initiative (BRI) and the Asian Infrastructure Investment Bank (AIIB) are the landmark initiatives in its drive to shape the global economic architecture. Combining the transformative power of state-controlled market economy and the resilience of authoritarian rule, China adapts certain tenets of neo-liberal capitalism such as welcoming foreign investment, deregulating its labour market and building infrastructure, while maintaining tight control over government, military, public security and information. As a state-controlled economy employing gradualist reforms in a post-communist era, China’s one-party rule produces a durable type of autocracy, outlasting Soviet communism and makes itself a model of development for other developing nations to follow. Meanwhile, the failure of Washington to denuclearize North Korea and Iran destroyed the perception of the USA as being capable of controlling the global arms race.

Journal

Social Transformations in Chinese Societies – Emerald Publishing

Published: Dec 10, 2020

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