Each spring, China releases a government budget report that provides valuable insights into the country’s spending priorities and overall fiscal health. Yet these budgets can be difficult to parse, and the topline figures only tell part of the story. This ChinaPower feature untangles the details behind China’s government budget.
Economic power is at the heart of China’s growing global influence. China’s economic prowess, fueled by trade, has enabled it to move from the periphery to the center of the international system. With the world’s second largest economy, how China leverages its economic power has profound consequences for the global order. To learn more, explore our featured content below.
What Are the Weaknesses of the China-Russia Relationship?
While China and Russia presently reap substantial benefits from ties with each other, their relationship is complex and comes with costs for both sides. This ChinaPower feature analyzes three key weaknesses of their relationship.
What Are the Key Strengths of the China-Russia Relationship?
This ChinaPower feature explores how China and Russia came to be so close, up until the time of Russia’s 2022 invasion of Ukraine. This analysis centers on five key ways in which China benefits from the relationship.
Series: China-Russia Relations
Russia’s ongoing war in Ukraine has cast a spotlight on China’s close ties with Russia. To better understand the strengths and weakness of the relationship, ChinaPower has developed a series consisting of a historical backgrounder and three features focusing on the strengths and weaknesses of the relationship.
Will the Dual Circulation Strategy Enable China to Compete in a Post-Pandemic World?
To shield China from global volatility and pivot the Chinese economy toward greater self-reliance, Beijing is pursuing a new economic model centering on the Dual Circulation Strategy. China is making progress toward achieving some objectives of the strategy, but major challenges loom.
China’s Power: Up for Debate 2021
China Power will host its sixth annual conference as a series of keynote remarks and five virtual debates, featuring leading experts from both China and the United States to debate core issues underpinning the development of Chinese power.
How Is China Influencing Global Maritime Connectivity?
Decades of economic growth and government prioritization have enabled China to position itself at the nexus of global maritime trade. Beijing is pushing to leverage the nation’s resources to further strengthen connectivity, with a key emphasis on enhancing port infrastructure.
How Globally Competitive Are China’s Cities?
“Global cities” serve as critical nodes within the international economy. As China has rapidly developed in recent decades, historically prominent Chinese cities such as Beijing and Shanghai have grown in international influence, and new global cities like Shenzhen have emerged as key players in global commerce.