Ayesha A. Malik
Ms Ayesha A. Malik is a Lecturer at the Department of Strategic Studies,
Air University, Islamabad, and a PhD candidate in the School of Politics
and International Relations (SPIR), Quaid-i-Azam University (QAU),
Islamabad.
DOI: http://DOI Number
Keywords: China, Confucian ethics, collective good, regional economy, economic integration
Abstract
China’s regional economic policy indicates the enduring relevance of its historic economic strategies. The policy communicates the historic vision of regional economic well being by aiding the neighbouring economies while bringing internal economic development. Although the systems of dynasties and empires in China did not project a major global economic programme such as capitalism, global outreach initiatives remained a prominent feature of its past while certain economic thought from antiquity supported initiatives such as the ancient Silk Road. In the present day, the Regional Comprehensive Economic Partnership (RCEP) is a trade and supply chain connectivity platform with China’s participation but it does not present any threat to the prevailing regional economics in Southeast Asia. Emerging as a product of economic and political programmes, this economic connectivity partnership aligns with the agenda of continuity of historic economic thought and the existing trade and economic model of China. The Confucian ideals of greater good, shared interests, low taxes and free trade are manifested in RCEP’s rule of origin and agenda of free trade. Therefore, the inclusion of China in RCEP indicates a regional economic policy where the continuity of its economic thought is interacting with new regional economic initiatives. This framework negates the perceptions of threat. It is tended to in this paper by presenting a prominent economic thought from antiquity and its endurance in the modern-day economic frameworks. Such interaction of past and present economic strategies is guiding China’s regional economic approach which is presented as the outcome of the process.
First Published
December 25, 2024
How to Cite
Ayesha A. Malik, “China’s Regional Economics: Historical Continuities and Modern Interactions,” Regional Studies 42, no.2 (2024): 26-51, https://regionalstudies.com.pk/wp/article/chinas-regional-economics-historical-continuities-and-modern-interactions/
Issue
Volume 42, Issue 2