(Opinion) China as the Next Champion of Globalisation?
2017-03-01 08:59:41 source：RSIS
February 28, 2017
"Synopsis
As the US under Donald Trump and European powers like Britain and France turn their backs on globalisation, could or would China step in to be the next champion of globalisation? As Beijing attempts to demonstrate leadership and garner global trust through initiatives like AIIB and OBOR, a litmus test awaits President Xi Jinping and his 'pro-globalisation' team.
Commentary
SINCE 1979 when China’s paramount leader Deng Xiaoping made the world-transforming decision to abandon once and for all the Maoist semi-autarkic model of self-reliant development and pursue an 'Open Door' policy, Beijing's geo-economic goal has remained remarkably consistent. This, namely, is to modernise China’s backward economy and catch up with the developed world by integrating the country with the capitalist global economic order, which was created at Bretton Woods immediately after the last world war."
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