The Chinese path to a global financial statecraft strategy: between challenge and adaptation to the global financial governance system

Catalina Espinosa Notrica, Pablo Nemiña and Diana Tussie

Chapter 10 in Institutions of Global Governance, 2025, pp 182-200 from Edward Elgar Publishing

Abstract: China, the world's second-largest economy, has become a global financial power. Through institutions like the China Development Bank, it is the world's largest bilateral creditor and has established multilateral banks, including the New Development Bank and the Asian Infrastructure Investment Bank. China's international financial expansion accelerated in the post-2008 crisis, aiming to enhance its role in global financial governance. This chapter examines China's strategy from 2000 to 2020, arguing that China acted as a revisionist power, seeking to reform and create institutions to better serve its interests without completely overturning the existing order. The chapter explores China's financial statecraft and its implications for global financial governance.

Keywords: Global financial governance; China; Financial statecraft; Financial power; AIIB (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035302574
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