China’s Financial Statecraft under Xi Jinping administration in selected Southeast Asian countries

With China’s economic rise and influence, financial statecraft has increasingly been deployed to serve the country’s national interest. The growth of China’s financial statecraft in the region has drawn greater media and academic attention. Notwithstanding the abundant literature on China’s financia...

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Main Authors: Jun, Li, Chin, Kok Fay
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2024
Online Access:http://journalarticle.ukm.my/23638/1/72341-238645-2-PB%2078-117.pdf
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author Jun, Li
Chin, Kok Fay
author_facet Jun, Li
Chin, Kok Fay
author_sort Jun, Li
collection UKM
description With China’s economic rise and influence, financial statecraft has increasingly been deployed to serve the country’s national interest. The growth of China’s financial statecraft in the region has drawn greater media and academic attention. Notwithstanding the abundant literature on China’s financial statecraft in Southeast Asia, the previous studies lack a detailed analysis of various financial statecraft instruments deployed by China. To get a better understanding of China’s deployment of financial statecraft over the years under Xi Jinping’s administration, this article fills the gap in the existing literature by delving into various factors that influenced various financial statecraft instruments with respect to the objectives, trends or patterns and agencies involved in the region. Given Xi’s successful bid for continued political rule by eliminating a term limit on the presidency as well as the escalating China-US strategic rivalry, it is important to examine how the interaction of domestic and international forces has shaped the evolution of financial statecraft in Southeast Asia. Due to the changes in domestic politics and shifts in the geopolitics and geoeconomics, an important question that deserves our attention is how these changes has influenced China’s deployment of various financial statecraft instruments in different Southeast Asian countries. The paper focuses on two middle-income countries (i.e., Malaysia and Thailand) and two low-income countries (i.e. Cambodia and Laos) in the region.
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spelling ukm.eprints-236382024-06-10T01:43:02Z http://journalarticle.ukm.my/23638/ China’s Financial Statecraft under Xi Jinping administration in selected Southeast Asian countries Jun, Li Chin, Kok Fay With China’s economic rise and influence, financial statecraft has increasingly been deployed to serve the country’s national interest. The growth of China’s financial statecraft in the region has drawn greater media and academic attention. Notwithstanding the abundant literature on China’s financial statecraft in Southeast Asia, the previous studies lack a detailed analysis of various financial statecraft instruments deployed by China. To get a better understanding of China’s deployment of financial statecraft over the years under Xi Jinping’s administration, this article fills the gap in the existing literature by delving into various factors that influenced various financial statecraft instruments with respect to the objectives, trends or patterns and agencies involved in the region. Given Xi’s successful bid for continued political rule by eliminating a term limit on the presidency as well as the escalating China-US strategic rivalry, it is important to examine how the interaction of domestic and international forces has shaped the evolution of financial statecraft in Southeast Asia. Due to the changes in domestic politics and shifts in the geopolitics and geoeconomics, an important question that deserves our attention is how these changes has influenced China’s deployment of various financial statecraft instruments in different Southeast Asian countries. The paper focuses on two middle-income countries (i.e., Malaysia and Thailand) and two low-income countries (i.e. Cambodia and Laos) in the region. Penerbit Universiti Kebangsaan Malaysia 2024-04 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/23638/1/72341-238645-2-PB%2078-117.pdf Jun, Li and Chin, Kok Fay (2024) China’s Financial Statecraft under Xi Jinping administration in selected Southeast Asian countries. Jebat: Malaysian Journal of History, Politics and Strategic Studies, 51 (1). pp. 78-117. ISSN 2180-0251 http://ejournal.ukm.my/jebat/index
spellingShingle Jun, Li
Chin, Kok Fay
China’s Financial Statecraft under Xi Jinping administration in selected Southeast Asian countries
title China’s Financial Statecraft under Xi Jinping administration in selected Southeast Asian countries
title_full China’s Financial Statecraft under Xi Jinping administration in selected Southeast Asian countries
title_fullStr China’s Financial Statecraft under Xi Jinping administration in selected Southeast Asian countries
title_full_unstemmed China’s Financial Statecraft under Xi Jinping administration in selected Southeast Asian countries
title_short China’s Financial Statecraft under Xi Jinping administration in selected Southeast Asian countries
title_sort china s financial statecraft under xi jinping administration in selected southeast asian countries
url http://journalarticle.ukm.my/23638/1/72341-238645-2-PB%2078-117.pdf
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