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China’s economic statecraft in Europe

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  • James Reilly

    (The University of Sydney)

Abstract

China’s economic statecraft in Europe relies upon three distinct strategies: specific and diffuse reciprocity, and strategic engagement—each designed to advance a specific type of policy objective. However, the tensions between a reciprocity and engagement strategy have undermined China’s efforts to reassure Europeans of Beijing’s benevolent intent. This article compares Beijing’s three strategies through case studies of China’s efforts to discourage European receptions of the Dalai Lama, secure market economy status, and Beijing’s response to Europe’s post-2009 financial crisis.

Suggested Citation

  • James Reilly, 2017. "China’s economic statecraft in Europe," Asia Europe Journal, Springer, vol. 15(2), pages 173-185, June.
    • Handle: RePEc:kap:asiaeu:v:15:y:2017:i:2:d:10.1007_s10308-017-0473-6
    DOI: 10.1007/s10308-017-0473-6
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    References listed on IDEAS

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    1. Bell, Stephen & Feng, Hui, 2013. "The Rise of the People's Bank of China: The Politics of Institutional Change," Economics Books, Harvard University Press, number 9780674072497.
    2. Mikko Huotari & Sandra Heep, 2016. "Learning geoeconomics: China’s experimental financial and monetary initiatives," Asia Europe Journal, Springer, vol. 14(2), pages 153-171, June.
    3. Keohane, Robert O., 1986. "Reciprocity in international relations," International Organization, Cambridge University Press, vol. 40(1), pages 1-27, January.
    4. Miles Kahler & Scott L. Kastner, 2006. "Strategic Uses of Economic Interdependence: Engagement Policies on the Korean Peninsula and Across the Taiwan Strait," Journal of Peace Research, Peace Research Institute Oslo, vol. 43(5), pages 523-541, September.
    5. Casarini, Nicola, 2012. "China's geoeconomic strategy: China’s approach to US debt and the Eurozone crisis," LSE Research Online Documents on Economics 44208, London School of Economics and Political Science, LSE Library.
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    Cited by:

    1. Jeremy Garlick, 2019. "China’s principal–agent problem in the Czech Republic: the curious case of CEFC," Asia Europe Journal, Springer, vol. 17(4), pages 437-451, December.
    2. Ramon Pacheco Pardo, 2018. "Europe’s financial security and Chinese economic statecraft: the case of the Belt and Road Initiative," Asia Europe Journal, Springer, vol. 16(3), pages 237-250, September.
    3. Thomas Christiansen & Richard Maher, 2017. "The rise of China—challenges and opportunities for the European Union," Asia Europe Journal, Springer, vol. 15(2), pages 121-131, June.

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