China in one country: interdependence or globalisation with Chinese characteristics

George Magnus

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Globalisation has faltered, and faces significant political challenges. In both the US and China, voices are calling for a reduction of economic interdependence between the two countries. In the US, this has taken the name of decoupling, in China, self-reliance. At the same time, China’s President, Xi Jinping has vocally championed globalisation in various global fora in recent years. Understanding of China’s systems of government and business, as well as its global interests, is lacking when compared to that of the US. In this Strategic Update, George Magnus investigates what is meant when China’s leadership speaks of globalisation, and what the implications of the answer are for the rest of the world.

JEL-codes: N0 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2020-07
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