New Order: China’s Challenge to the Global Financial System

New Order: China’s Challenge to the Global Financial System
Chinese President Xi Jinping and leaders of other countries line up for a photo at a ceremony to mark the decision to set up the Asian Infrastructure Investment Bank, Beijing, China, Oct. 24, 2014 (Pool photo by Kyodo News via AP Images).

The golden age of American economic primacy has ended. Two years ago, China surpassed the United States as the world’s top trading nation, and late last year it also surpassed the U.S. to become the world’s largest economy in purchasing-power terms. China is an economic titan, but until recently, its impressive rise had not been accompanied by a vision to reshape the global economic order. However, this is beginning to change. Rather than accepting the status quo as given, Beijing is slowly working to revise foundational elements of the U.S.-led economic order. First, it has called into question the desirability […]

Keep reading for free right now!

Enter your email to get instant access to the rest of this article, get five free articles every 30 days, and to receive our free email newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having your own personal researcher and analyst for news and events around the globe. Become a member now, and you’ll get:

  • Immediate and instant access to the full searchable library of 15,000+ articles
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday
  • Daily links to must-read news, analysis, and opinion from top sources around the globe, curated by our keen-eyed team of editors
  • Weekly in-depth reports, including features on important countries and issues.
  • Your choice of weekly region-specific newsletters, delivered to your inbox.
  • Smartphone- and tablet-friendly website.
  • Completely ad-free reading.

And all of this is available to you — right now for just $1 for the first 30 days.

More World Politics Review