德国墨卡托中国研究所：中国经济全球化的转变途径（英文版）（16页）.pdf

1、October 19, 2021MERICS CHINA MONITORCOURSE CORRECTIONChinas shifting approach to economic globalizationAlexander Brown, Jacob Gunter, Max J. Zenglein KEY FINDINGS Chinas leadership is trying to strike a balance between securitization and remain-ing globally integrated. Beijings policy response to ne

2、w geopolitical realities will have profound implications for the trajectory of domestic reforms and Chinas future global economic integration. Chinas commitment to hedged integration with the global economy has not changed, despite the hostile international environment. But it is increasingly on Chi

3、nas terms in stark contrast to the old liberalization mantra. China needs to remain connected to the global economy to achieve its goals of becoming a modern, technologi-cally advanced, and prosperous country. China seeks to reduce its reliance on essential external inputs. Trade and invest-ment lin

4、ks are being reshaped to be more resilient and to further Chinas development goals. The role of international exchanges has switched focus from exports and foreign investment to accessing strategic technology and know-how. China aims to internalize global value chains and finance by leveraging its l

5、arge domestic market. Onshoring the production of critical inputs by foreign companies in areas vital for China builds economic self-reliance and contributes to developing indige-nous alternatives, bringing their technology and production within the CCPs jurisdiction. Contrary to some interpretation

6、s, the DCS is not universally bad news for foreign companies. Expansions in market access in non-sensitive areas or in sectors in which China aims to onshore value chains mean new opportunities. However, protectionism, securitization efforts, new cybersecurity rules, and efforts to build supply chai