The Economic Card in China’s Pro-active Diplomacy

John Wong and Tai Wei Lim

East Asian Policy (EAP), 2015, vol. 07, issue 03, 99-101

Abstract: China has been conducting its economic diplomacy with strong financial muscles. With its vast foreign reserves, both trade surplus and capital account surplus, China became the world’s third largest source of foreign direct investment and provided half of the US$450 billion start-up capital for the Asian Infrastructure Investment Bank. China has also learnt that economic diplomacy, to be effective and viable in the long run, has to abide by certain essential market rules.

Date: 2015
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DOI: 10.1142/S1793930515000318

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