Neo-Mercantilist Policy and China's Rise as a Global Power

This paper argues that China is adopting Neo-mercantilist policies in its national development and global expansion. China's Neo-mercantilist strategies include promoting nationalism and patriotism, stockpiling gold and foreign reserves, striving for favorable balance of payment via exchange ra...

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Bibliographic Details
Published inContemporary Chinese political economy and strategic relations Vol. 3; no. 3; pp. 1043 - XV
Main Author Yu, Fu-Lai Tony
Format Journal Article
LanguageEnglish
Published Kaohsiung National Sun Yat-sen University 01.12.2017
Subjects
Armed forces
Banking
China’s economic development
Developing countries
E-books
Economic development
Economists
Gold
international political economy
LDCs
Manipulation
Mercantilism
Montaigne, Michel de (1533-1592)
Nationalism
Neo-mercantilist policy
Neomercantilist policy
Patriotism
Political economy
Politics
Population
Population growth
Raw materials
Silver
Smith, Adam (1723-1790)
Social control
Wealth
England
United Kingdom > UK
China
Europe
Africa
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Summary:This paper argues that China is adopting Neo-mercantilist policies in its national development and global expansion. China's Neo-mercantilist strategies include promoting nationalism and patriotism, stockpiling gold and foreign reserves, striving for favorable balance of payment via exchange rate manipulation, tariff, export subsidies and other trade protections. The Chinese government also controls population growth for national development and social control, initiates "Belt and Road" project and the Asian Infrastructure Investment Bank to counter American and Western influences, and deploys strategic expansion in Africa, South Asia and Latin American countries. China's economic success through Neo-mercantilist strategies may provide an incentive for other Asian developing nations such as the Philippines to follow.
ISSN:2410-9681
2410-9681