IDEAS home Printed from https://ideas.repec.org/a/bla/ecaffa/v44y2024i2p218-244.html
   My bibliography  Save this article

The economics of China's Holistic View of National Security: A preliminary assessment

Author

Listed:
  • Kerry Liu

Abstract

From December 2020, China made a significant shift towards prioritising security over development. This study delves into the economic repercussions of China's security policy, specifically the Holistic View of National Security. The evolution of this security policy is analysed utilising Baidu Index data. The components of the policy, encompassing political, economic, financial and technology security, are scrutinised, with the economic burdens it imposes being highlighted. China's recent legislative measures concerning national security are assessed, with their potential to hamper economic growth. The adverse effects of the security policy on the economy are uncovered by examining foreign direct investment data, industry sector trends, and the responses of the largest listed firms.

Suggested Citation

  • Kerry Liu, 2024. "The economics of China's Holistic View of National Security: A preliminary assessment," Economic Affairs, Wiley Blackwell, vol. 44(2), pages 218-244, June.
    • Handle: RePEc:bla:ecaffa:v:44:y:2024:i:2:p:218-244
    DOI: 10.1111/ecaf.12646
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/ecaf.12646
    Download Restriction: no
    File URL: https://libkey.io/10.1111/ecaf.12646?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Yao, Lixia & Chang, Youngho, 2014. "Energy security in China: A quantitative analysis and policy implications," Energy Policy, Elsevier, vol. 67(C), pages 595-604.
    2. Na Tan & Liang Chang & Rui Guo, 2021. "China’s outward foreign direct investment in energy sector: The role of “intimate” relations between countries," PLOS ONE, Public Library of Science, vol. 16(7), pages 1-21, July.
    3. Yang, Qing & Zhang, Lei & Zou, Shaohui & Zhang, Jinsuo, 2020. "Intertemporal optimization of the coal production capacity in China in terms of uncertain demand, economy, environment, and energy security," Energy Policy, Elsevier, vol. 139(C).
    4. Marwil J. Dávila Fernández & Lionello F. Punzo, 2021. "Some new insights on financialization and income inequality: evidence for the US economy, 1947–2013," International Review of Applied Economics, Taylor & Francis Journals, vol. 35(3-4), pages 520-539, July.
    5. Zhao, Yong & Shi, Xunpeng & Song, Feng, 2020. "Has Chinese outward foreign direct investment in energy enhanced China's energy security?," Energy Policy, Elsevier, vol. 146(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Boyd, Roger & Ufimtseva, Anastasia, 2021. "Facilitating peaceful rise: The increasing role of geopolitics and domestic legitimacy in China's energy policy," Energy Policy, Elsevier, vol. 158(C).
    2. Zhu, Bo & Deng, Yuanyue & Hu, Xin, 2023. "Global energy security: Do internal and external risk spillovers matter? A multilayer network method," Energy Economics, Elsevier, vol. 126(C).
    3. Huang, Youxing & Yang, Yu, 2023. "Determinants of Chinese energy OFDI location decisions and entry failure risk: The roles of public diplomacy endeavors and firm investment strategies," Energy, Elsevier, vol. 267(C).
    4. Zijie Yang & Dong Huang & Yuqing Zhao & Wenqian Wang, 2022. "A Bibliometric Review of Energy Related International Investment Based on an Evolutionary Perspective," Energies, MDPI, vol. 15(9), pages 1-21, May.
    5. Wang, Feiran & Zhuang, Lu & Cheng, Shasha & Zhang, Yue & Cheng, Shulei, 2024. "Spatiotemporal variation and convergence analysis of China's regional energy security," Renewable and Sustainable Energy Reviews, Elsevier, vol. 189(PA).
    6. Pin Li & Jinsuo Zhang, 2019. "Is China’s Energy Supply Sustainable? New Research Model Based on the Exponential Smoothing and GM(1,1) Methods," Energies, MDPI, vol. 12(2), pages 1-30, January.
    7. Rasoulinezhad, Ehsan & Taghizadeh-Hesary, Farhad & Yoshino, Naoyuki & Sarker, Tapan, 2019. "Russian Federation–East Asia Liquefied Natural Gas Trade Patterns and Regional Energy Security," ADBI Working Papers 965, Asian Development Bank Institute.
    8. Sun, Xiaolei & Liu, Chang & Chen, Xiuwen & Li, Jianping, 2017. "Modeling systemic risk of crude oil imports: Case of China’s global oil supply chain," Energy, Elsevier, vol. 121(C), pages 449-465.
    9. Yang, Qing & Zhang, Lei & Zhang, Jinsuo & Zou, Shaohui, 2021. "System simulation and policy optimization of China's coal production capacity deviation in terms of the economy, environment, and energy security," Resources Policy, Elsevier, vol. 74(C).
    10. Xing Zhou & Quan Guo & Ming Zhang, 2021. "Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective," Energies, MDPI, vol. 14(21), pages 1-25, November.
    11. Youngho CHANG & Yanfei LI, 2014. "Non-renewable Resources in Asian Economies: Perspective of Availability, Applicability Acceptability, and Affordability," Working Papers DP-2014-04, Economic Research Institute for ASEAN and East Asia (ERIA).
    12. Wang, Kai-Hua & Su, Chi-Wei & Lobonţ, Oana-Ramona & Umar, Muhammad, 2021. "Whether crude oil dependence and CO2 emissions influence military expenditure in net oil importing countries?," Energy Policy, Elsevier, vol. 153(C).
    13. Xiaoye Jin & Meiying Li & Fansheng Meng, 2019. "Comprehensive Evaluation of the New Energy Power Generation Development at the Regional Level: An Empirical Analysis from China," Energies, MDPI, vol. 12(23), pages 1-15, December.
    14. Shao, Yanmin & Qiao, Han & Wang, Shouyang, 2017. "What determines China's crude oil importing trade patterns? Empirical evidences from 55 countries between 1992 and 2015," Energy Policy, Elsevier, vol. 109(C), pages 854-862.
    15. Aleksei Valentinovich Bogoviz & Svetlana Vladislavlevna Lobova & Yulia Vyacheslavovna Ragulina & Alexander Nikolaevich Alekseev, 2017. "A Comprehensive Analysis of Energy Security in the Member States of the Eurasian Economic Union, 2000-2014," International Journal of Energy Economics and Policy, Econjournals, vol. 7(5), pages 93-101.
    16. Vivoda, Vlado, 2019. "LNG import diversification and energy security in Asia," Energy Policy, Elsevier, vol. 129(C), pages 967-974.
    17. Lee, Chien-Chiang & Xing, Wenwu & Lee, Chi-Chuan, 2022. "The impact of energy security on income inequality: The key role of economic development," Energy, Elsevier, vol. 248(C).
    18. Taghizadeh-Hesary, Farhad & Rasoulinezhad, Ehsan & Yoshino, Naoyuki, 2019. "Energy and Food Security: Linkages through Price Volatility," Energy Policy, Elsevier, vol. 128(C), pages 796-806.
    19. Thauan Santos & Amaro Olímpio Pereira Júnior & Emilio Lèbre La Rovere, 2017. "Evaluating Energy Policies through the Use of a Hybrid Quantitative Indicator-Based Approach: The Case of Mercosur," Energies, MDPI, vol. 10(12), pages 1-15, December.
    20. Wang, Qiang & Zhou, Kan, 2017. "A framework for evaluating global national energy security," Applied Energy, Elsevier, vol. 188(C), pages 19-31.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecaffa:v:44:y:2024:i:2:p:218-244. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0265-0665 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.