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China and the global economic crisis

5/22/2009
Author : European Centre for International Political Economy (ECIPE - Belgium)
By Guy de Jonquières
 
What to expect from China in the current economic crisis? Will the crisis change China’s role in the international economy?

In this Policy Brief, Guy de Jonquières analyses the main trends in China’s economic policy-making and positioning in the international policy arena. He argues that China still has an uncertain commitment to economic rebalancing, which might lead to frictions with its partners. Despite its new political assertiveness, it remains ambivalent on exerting international leadership. Yet as China’s economic and financial importance continues to expand and world leaders seek global stability, deeper engagement between Beijing and other power centres will remain indispensable.

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1 COMMENT(S)
  • Re:China and the global economic crisis

On the contrary, mainland China is taking assertive policy actions in context of IMF and WB and focusing on development economic issues.

The US Treasury is already discussing reorganization of Bretton Woods Institutions with a view to reflecting current global economic blances. For eg. Belgium cuurently has more voting power in IMF than China.

Dhoa Round will also demonstrate how China in close cooperation with India will finally seek to conclude the Development Round in favour of LDC and developing countries generally.

By Hari Naidu on 6/18/2009 20:41
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