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1 – 10 of 153The purpose of this paper is to study key economic strategies in Asia laid out by the Chinese Government since Xi Jinping became the General Secretary of the Central Committee of…
Abstract
Purpose
The purpose of this paper is to study key economic strategies in Asia laid out by the Chinese Government since Xi Jinping became the General Secretary of the Central Committee of the Communist Party of China.
Design/methodology/approach
The paper is composed of six parts. The first part analyzes China’s Asian trade strategy with a focus on the free-trade agreement. The second part elaborates the Asian finance and currency strategy with the core being the regionalization of RMB. The third part introduces China’s newly proposed Belt and Road Initiative (B&R). The fourth part deals with the China–USA economic relationship with a view to China’s economic strategy in Asia. The fifth part explains China’s domestic economic policy which forms the basis of the Asian Economic Strategy.
Findings
A marked change has taken place in China’s economic strategy in Asia, namely, giving more consideration to how to offer more public goods to the region. This is natural as China’s economic power is developed to a certain level and it is highly related to China’s attempt to growing its economic influence in this region. China believes that the B&R Initiative and Asian Infrastructure Investment Bank are both public goods China has provided to Asia. China’s economic strategy in Asia demonstrates that China, as a rising power, though faced with domination of established power and the original regional economic rule system, still promotes the cooperation, integration, participation and development of this region. In general, China’s economic strategy in Asia offers an alternative for countries in this region so that Asian countries can better safeguard their rights amid China–America competition, and a new Asian economic order can be better built.
Originality/value
The paper contributes to the researched area of China’s economic strategy in Asia by comprehensively elaborating its trade, money, B&R Initiative and so on. This paper also shows the major challenges of China’s economic strategy in Asia and therefore is helpful to fully understand China’s economic statecraft.
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In light of China’s rapid development and the USA’s “Pivot to Asia” policy, both China and the USA need to view each other objectively and cooperate with each other in order to…
Abstract
Purpose
In light of China’s rapid development and the USA’s “Pivot to Asia” policy, both China and the USA need to view each other objectively and cooperate with each other in order to keep their relations peaceful. The paper aims to discuss these issues.
Design/methodology/approach
A literature review has been undertaken to prove that power transition theory is not sufficient for the adequate analysis of Sino-US relations.
Findings
Considering its empirical and theoretical defects, power transition theory, which it has been generally considered can be used to explain China’s future development and the future course of Sino-US relations, cannot be used to explain and forecast Sino-US relations scientifically.
Originality/value
Power transition theory cannot be used to explain and forecast Sino-US relations scientifically, considering its empirical and theoretical defects.
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The purpose of this paper is to review the history, current activities, and prospects of Sino‐US cooperation in science and technology (S&T). It seeks to understand the role of…
Abstract
Purpose
The purpose of this paper is to review the history, current activities, and prospects of Sino‐US cooperation in science and technology (S&T). It seeks to understand the role of S&T in Sino‐US relations, how the relationship has affected Chinese scientific development and, more generally, to better understand the ways S&T affect – and are affected by – the foreign policies of nation states.
Design/methodology/approach
Employing an institutional perspective, the paper is based on interviews in China and the USA and reviews of government documents and press reports.
Findings
Owing to the impacts of the Cultural Revolution on Chinese S&T, the relationship is highly asymmetrical when it began in the late 1970s. As Chinese capabilities have improved, aided measurably by the relationship with the USA, the two sides are now in a position to cooperate more fully across a wide range of areas of interest to both sides. Channels for cooperation have been developed through the two governments, through Chinese and US corporations and through academic institutions in the two countries. Together, these allow for collaborative activities in basic science, commercial research and development, and in S&T in support of public goods.
Originality/value
The Sino‐US relationship in S&T has become more important to the two countries as they face an array of daunting challenges of energy, public health, basic research, and new industrial technologies. Yet, the relationship has not been extensively studied in spite of its growing importance. This paper attempts to help overcome this neglect. A better understanding of the relationship will contribute to improved understandings of Sino‐US relations more generally, and to the ways in which S&T fit into the foreign relations of major powers.
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The USA and China have had a complex relationship since the 1949 establishment of the People’s Republic of China. This relationship has gone from hostility to guarded friendliness…
Abstract
The USA and China have had a complex relationship since the 1949 establishment of the People’s Republic of China. This relationship has gone from hostility to guarded friendliness to increased tension at the beginning of the new millennium. Recent years have seen the emergence of literature stressing China’s potential emergence as a national security threat to the USA. This article will look at books, government documents, and Internet resources examining the current and possible future national security relationship between these two countries from 1995/1996 to the present. This literature presents US and international perspectives representing a variety of viewpoints on a subject that may have a major impact on international relations during the twenty‐first century.
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Abstract
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An exploratory model of competence and performance is presented and tested in the study. Competence in marketing, product innovation, manufacturing, and human resource development…
Abstract
An exploratory model of competence and performance is presented and tested in the study. Competence in marketing, product innovation, manufacturing, and human resource development across a list of 42 items have been analyzed. Marketing competence was ranked high by Chinese managers. Elements contributed to manufacturing competence regarding process reengineering have not been emphasized as much by Chinese managers. Human resource competence, on the other hand, has been found to be significantly correlated with performance. The results clearly show a trend moving from the state‐planned economy to the market economy.
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The purpose of this paper is to review the evolution of policies and practices of open innovation (OI) in China under globalization.
Abstract
Purpose
The purpose of this paper is to review the evolution of policies and practices of open innovation (OI) in China under globalization.
Design/methodology/approach
This is a review paper. It combines historical archives and case study approaches, covering policies and practices at both the macro‐ and micro‐levels.
Findings
It is found that Chinese firms have in practice employed a variety of OI models since the reforms of science and technology systems in the mid‐1980s. Policies introduced by the Chinese Government with respect to inbound and outbound OI, as well as policies encouraging OI networks, have encouraged Chinese firms to adopt various OI modes and practices. Some critical institutional challenges still need urgent attention and effective efforts to reinforce them.
Originality/value
This paper aims to fill the gap in the literature by providing the first systematic review of the evolution of the policies and practices of OI in China, and exploring the implications for latecomer firms in building indigenous innovation capability. As far as the authors are aware, this is one of the first systematic review studies on OI policies and practices with a focus on emerging economies.
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Zihan Wang, Jing Shuai, Zhihui Leng, Chuanmin Shuai and Zhiyao Shi
Through empirical analysis of Sino-US solar photovoltaic (PV) trade, this paper aims to evaluate the complementarity of Sino-US solar PV trade by adopting trade combination degree…
Abstract
Purpose
Through empirical analysis of Sino-US solar photovoltaic (PV) trade, this paper aims to evaluate the complementarity of Sino-US solar PV trade by adopting trade combination degree (TCD) index, export similarity index (SI) and trade complementarity index (TCI). It also explores the role of trade disputes over Sino-US solar PV trade between China and the USA and important factors affecting the complementarity of the trade.
Design/methodology/approach
Based on the comparative advantage theory, this paper selects the TCD, export SI and TCI to evaluate the complementarity of Sino-US solar PV trade comprehensively. Among them, TCD and SI can directly reflect the degree of cooperation and competition of Sino-US solar PV trade. Finally, the authors further analyze the decisive factors affecting the complementarity of Sino-US PV trade by entropy weight method and multiple linear regression analysis on the influencing factors of TCI.
Findings
The solar PV trade between China and the USA still has a close relationship, and there is solar PV trade cooperation and competition between the two countries. The factors affecting the complementarity of Sino-US solar PV trade are mainly exchange rate levels rather than trade disputes between China and the USA. The solar PV trade policies of China and the USA will have a great negative impact on the global supply chain of solar PV products. The major solar PV products in China and the USA have a clear division in the global supply chain and still have a strong trade complementarity.
Originality/value
This paper conducts an empirical analysis of the Sino-US solar PV trade rather than a policy discussion. This research has important practical significance for the healthy and sustainable development of solar PV trade for both countries. It can also provide references to the current trade disputes between China and the USA in a broader sense.
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The relations between China and Singapore were once exampled as good bilateral relations in the region: stable and promising. Albeit gradually increasing competition, bilateral…
Abstract
Purpose
The relations between China and Singapore were once exampled as good bilateral relations in the region: stable and promising. Albeit gradually increasing competition, bilateral economic cooperation remains to be a stabilizer. However, the ambitious Belt and Road Initiative (BRI) and even more complicated Sino-US relations add up more uncertainties to bilateral relations. This paper aims to examine the fragility of bilateral relations against the overall backgrounds of the dynamic regional balance of power while analyzing the economic cooperation as the stabilizer and reviewing political mutual trust between China and Singapore.
Design/methodology/approach
This paper will apply historical and documentary review and qualitative analysis.
Findings
Led by its pragmatic foreign policy, Singapore hedges against China, even it seeks to deeply engaging China in all dimensions of bilateral ties, including economic, cultural and political. The grand strategy of the BRI signals the era of “keeping low profile”, leaving us far away. It will inevitably change the regional landscape geo-strategically. The USA clearly defines China as a strategic competitor, which represent Sino-US relations will not go back to the past. The traditional counterbalance strategy applied by Singapore works more difficultly when China intends to be stronger politically in the region. Economically and politically, there are no reasons for Singapore not to show positive support for the BRI. However, the BRI essentially provides a warning message that Singapore should explore a more practical and realistic strategy for not being constrained by China's geo-economic strategy. Singapore's picking side and its increasing military budget, China's assertiveness and the changing Sino-US relations imply the looming fragilities to bilateral relations.
Originality/value
The relations between China and Singapore were once exampled as good bilateral relations in the region: stable and promising. However, China and Singapore relations also ran into bumps from time to time over the years. We usually believe it is because of the peculiarity of Singapore's China policy. However, we should not neglect the dynamic regional balance of power and the changing Sino-US relations after the BRI was proposed. To fill this research gap, this paper will review the factors of stabilizers and the factors that bring fragility to bilateral relations between China and Singapore. The paper also argues that it is time for Beijing to make reflections on whether Beijing proposed BRI too early and whether Beijing over addressed on the magnificence and ambitions of the BRI.
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