“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.
China’s support for rail infrastructure development across the globe provides a unique opportunity for Beijing to drive regional connectivity and reap the resulting economic and political benefits. Much of this effort is linked to the Belt and Road Initiative, a flagship effort aimed at positioning China at the center of global trade and commerce.
The challenges and opportunities presented by China’s rise are hotly contested. China Power will host its fifth annual conference as a series of five live debates, featuring leading experts from both China and the U.S. to debate core issues underpinning the development of Chinese power.
China is pioneering the creation of a central bank digital currency that is likely to be the first of its kind. If China succeeds in implementing a digital renminbi, it could generate significant economic and political dividends for Beijing, at home and abroad.
China has established itself as the dominant global supplier of rare earths, a group of 17 minerals that are crucial to countless advanced technologies. China’s capacity to disrupt global rare earth supply chains has raised alarm bells in several major countries, but Beijing’s influence within the industry is likely to be eroded in the coming years.
There are nearly as many currencies in use around the world as there are countries, but only a handful of currencies are widely used outside of their home economies. While China has found some initial success at internationalizing the renminbi, it faces an uphill battle in shaking up the global currency hierarchy.
ChinaPower hosted its fourth annual conference on December 4, 2019. The conference featured a keynote by Senator David Perdue and a postponed speech by Assistant Secretary of State David. R. Stilwell.
The world economy is shaped not just by states, but also by an assortment of influential companies that act as critical elements of national economic power. In conjunction with China’s emergence as an economic superpower, Chinese companies have climbed the ranks to be among the largest in the world.