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Response and responsibility: China in East Asian financial cooperation.

Authors :
Jiang, Yang
Source :
Pacific Review; Dec2010, Vol. 23 Issue 5, p603-623, 21p
Publication Year :
2010

Abstract

China's behaviour in East Asian financial cooperation has overall changed from passively responding to external pressures to taking proactive initiatives, which are highlighted by Chinese elites as evidence of a sense of responsibility. China has taken varied positions towards proposals for Asian financial regionalism, from 'silent' objection, to lukewarm or superficial support, to enthusiastic participation and substantial contribution, and this variance has not always taken place in a chronological order. Despite much speculation over the trajectory of China's role in East Asian regionalism, there has not been a study focused on China's policymaking towards East Asian financial cooperation. Therefore, this paper fills the gap by analysing the factors and policymaking processes that have led to those varied positions. It argues that China, recognising the momentum in the region to enhance cooperation, has replaced the blunt dismissals of proposals, particularly those from Japan, with a more subtle approach that is aimed at ensuring China's influence and promoting the image of a responsible great power; that the extent to which it can contribute to this process is mainly constrained by its economic conditions, particularly the financial institutions. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
09512748
Volume :
23
Issue :
5
Database :
Complementary Index
Journal :
Pacific Review
Publication Type :
Academic Journal
Accession number :
55328894
Full Text :
https://doi.org/10.1080/09512748.2010.521850