Impact of the U.S. “Indo-Pacific Strategy” and “Pivot to Asia” and China’s “Belt and Road Initiative” on Sino-US Political and Economic Relations

Hsiung-Shen Jung and Jui-Lung Chen

International Business Research, 2019, vol. 12, issue 6, 11-22

Abstract: In response to China's rapid rise and its claim of broadening its "core interests", the U.S. launched the "Indo-Pacific Strategy" and "Pivot to Asia". Meanwhile, in order to avoid conflicts with the U.S. caused by advancing eastwards, China continues its steps of expanding westwards by proposing the cross-border and inter-continental "Belt and Road Initiative". To carry on this initiative smoothly and maintain economic stability and development, China has also proposed the new model of major power relations. This paper aims to explore the development and influence of political and economic relations between the two countries by analyzing the policies pursued by the U.S. and China.

Keywords: Indo-Pacific Strategy; Pivot to Asia; Belt and Road Initiative; The New Model of Major Power Relations (search for similar items in EconPapers)
JEL-codes: C33 F31 F41 (search for similar items in EconPapers)
Date: 2019
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