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.
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.
China’s accession to the World Trade Organization was heralded by the international community as a victory for free trade and economic liberalization. While China has been one of the organization’s most active members, Beijing has not instituted deep, systemic reforms and its compliance with WTO rulings has been mixed.
Chinese movies earn billions of dollars annually, but it is domestic sales that overwhelmingly drive the success of the industry. It remains to be seen if China can attract foreign audiences to its films. Learn more with this ChinaPower exclusive.
ChinaPower hosted its third annual conference on November 29, 2018. The conference featured Senator Edward J. Markey and Admiral Philip S. Davidson as the keynote speakers.
International sports competitions provide countries with opportunities to showcase the best of their nation to the rest of the world. For China, which often struggles to cultivate a positive image of itself, success at these competitions hinges on what happens both inside and outside of the stadium.
More international students are flocking to China than ever before, with over 440,000 foreigners studying in China in 2016. China also sends more of its students abroad than any other country. Learn more about China’s role in international education with this ChinaPower exclusive.
In recent years, Beijing has ramped up its military diplomacy to advance its foreign policy objectives. This push has increased China’s participation in military exercises and resulted in Chinese naval vessels calling at ports around the world.