China’s Economic Statecraft towards South Asia: Concerns and Prospects

This paper aims to study China’s economic statecraft in South Asia, as it appears to be an integral part of China’s strategy to advance its commercial interests as well as expand its political influence. The study also focuses on economic statecraft, which means the use of economic might for strateg...

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Հիմնական հեղինակներ: Bhuiyan, Md Ikhtiar Uddin, Siddique, Md. Naim Akter
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Հրապարակվել է: Jahangirnagar University 2024
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Առցանց հասանելիություն:http://journals.juniv.edu/index.php/tjr/article/view/301
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author Bhuiyan, Md Ikhtiar Uddin
Siddique, Md. Naim Akter
author_facet Bhuiyan, Md Ikhtiar Uddin
Siddique, Md. Naim Akter
author_sort Bhuiyan, Md Ikhtiar Uddin
collection OJS
description This paper aims to study China’s economic statecraft in South Asia, as it appears to be an integral part of China’s strategy to advance its commercial interests as well as expand its political influence. The study also focuses on economic statecraft, which means the use of economic might for strategic objectives. More specifically, economic statecraft is understood to be a state-market nexus. In addition, the study investigates the institutional arrangements and multilateral mechanisms that China has adopted to achieve its grand strategy. These are major components of Chinese economic diplomacy, or, in other words, using the economy to promote politics. Regarding China’s economic diplomacy, two approaches were also explored. Firstly, Chinese policy is to use diplomacy to achieve economic goals and benefits. Secondly, Chinese policy is to use economic means in pursuit of political objectives. Thus, the study explores China’s growing economic expansion and political influence, which have become important tools in Chinese foreign policy. This leads to addressing one vital question: under what circumstances can China's economic dominance be translated into political dominance, and whether this will result in a new dynamic in the world? Qualitative approach and secondary data used to address the research questions.
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spelling ojs-3012025-11-25T06:02:57Z China’s Economic Statecraft towards South Asia: Concerns and Prospects Bhuiyan, Md Ikhtiar Uddin Siddique, Md. Naim Akter Economic Statecraft South Asia Economic Diplomacy This paper aims to study China’s economic statecraft in South Asia, as it appears to be an integral part of China’s strategy to advance its commercial interests as well as expand its political influence. The study also focuses on economic statecraft, which means the use of economic might for strategic objectives. More specifically, economic statecraft is understood to be a state-market nexus. In addition, the study investigates the institutional arrangements and multilateral mechanisms that China has adopted to achieve its grand strategy. These are major components of Chinese economic diplomacy, or, in other words, using the economy to promote politics. Regarding China’s economic diplomacy, two approaches were also explored. Firstly, Chinese policy is to use diplomacy to achieve economic goals and benefits. Secondly, Chinese policy is to use economic means in pursuit of political objectives. Thus, the study explores China’s growing economic expansion and political influence, which have become important tools in Chinese foreign policy. This leads to addressing one vital question: under what circumstances can China's economic dominance be translated into political dominance, and whether this will result in a new dynamic in the world? Qualitative approach and secondary data used to address the research questions. Jahangirnagar University 2024-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Conference Proceedings Submission application/pdf http://journals.juniv.edu/index.php/tjr/article/view/301 10.59185/tjr.v48i2.301 The Jahangirnagar Review; Vol. 48 No. 2 (2024); 97-114 1682-7422 10.59185/tjr.v48i2 eng http://journals.juniv.edu/index.php/tjr/article/view/301/258 Copyright (c) 2025 The Jahangirnagar Review
spellingShingle Economic Statecraft
South Asia
Economic Diplomacy
Bhuiyan, Md Ikhtiar Uddin
Siddique, Md. Naim Akter
China’s Economic Statecraft towards South Asia: Concerns and Prospects
title China’s Economic Statecraft towards South Asia: Concerns and Prospects
title_full China’s Economic Statecraft towards South Asia: Concerns and Prospects
title_fullStr China’s Economic Statecraft towards South Asia: Concerns and Prospects
title_full_unstemmed China’s Economic Statecraft towards South Asia: Concerns and Prospects
title_short China’s Economic Statecraft towards South Asia: Concerns and Prospects
title_sort china s economic statecraft towards south asia concerns and prospects
topic Economic Statecraft
South Asia
Economic Diplomacy
topic_facet Economic Statecraft
South Asia
Economic Diplomacy
url http://journals.juniv.edu/index.php/tjr/article/view/301
work_keys_str_mv AT bhuiyanmdikhtiaruddin chinaseconomicstatecrafttowardssouthasiaconcernsandprospects
AT siddiquemdnaimakter chinaseconomicstatecrafttowardssouthasiaconcernsandprospects