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World Economy Brief
China's Strategy for Strengthening Global Influence and Implications for Korea
- Author Jihyun Jung
- Series24-41
- Date2024-12-12
While major advanced countries such as the United States are pursuing a de-risking (de-coupling) strategy with China, China is pursuing a strategy to strengthen its leadership while expanding its influence centered on the Global South.
Since joining the WTO, China’s status in the global economy has expanded rapidly in hand with its rapid increase in trade and investment. The Xi Jinping government, which began during a period of expansion in China’s economic influence, is working to strengthen China’s global leadership and expand its influence in order to achieve the national goals of the “great revival of the Chinese nation” and “building a modern socialist powerhouse.” This can be explained as a strategy to weaken the global order centered on advanced countries such as the United States, and to change global norms and systems more favorable toward China.
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