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Topics ●China as a Region-State ●China as a Multiregional Power ○ASEAN ○Spratly Islands ○1997 Asian Financial Crisis ■Treaty of Friendship and Cooperation ●US-China Relations ○Asymmetric Parity ●Chinese Global Presence ○Belt-and Road Initiative ■Part of an effort to expand Chinese influence abroad and improve markets ■Infrastructure is developed through Chinese investments or loans in its westward overland market through Central Asia ○Asian Infrastructure Investment Bank (AIIB) ■Utilizes China’s resources to expand its international influence ●Currently, China has an excess capacity problem with its resources so its diverting these extra resources to try to improve westward markets (One Belt, One Road) and southern maritime routes (AIIB) ●Total factor productivity has been declining and the marginal product of capital has also been declining while consumption makes up only ⅓ of GDP with investment accounting for over 50% of GDP so expansion of markets should increase GDP since excess investment with a lack of adequate consumption has culminated in lost productivity/inefficient use of abundant resources ■It expands the markets for Chinese products ■Was created due to frustration with US-dominated global institutions such as the World Bank and the IMF ■Aims to support the building of infrastructure in the Asia-Pacific region and currently has 87 member states throughout the world ○Grand Strategy of Cold/Warm Peaceful Rising ●Taiwan ○One China Policy ○DPP vs. KMT ○Nixon ○1979 shift from liberation to peaceful reunification
●China-Korea-Japan ○Stability of North Korea ■Serves as a buffer state; protection from US incursion ○Japan ■Treatment of China during the war ■US nuclear and naval umbrella ●Russia ○Shift from ally to enemy after Stalin’s death ○Shanghai Cooperation Organization ●New normal for Chinese Politics ○Growth has slowed down but still rapid ○China itself has become organized (stable market, transportation infrastructure, etc.) Terms Reading Summaries Week 10 ●China, Region, and the world ○Womack 2009 ■- What are the three dimensions of China’s position in the world? What does each dimension mean? ●China as more than a “formal China” - external relations ○The conception of external politics differs between regions in China ●China as a regional actor ●China as a region-state ○Xi Jinping 2014 ■- Six characteristics that “security” should have 1.Security must be universal 2.Security must be inclusive 3.Security must be equal 4.Comprehensive security 5.Cooperative security 6.Sustainable security ●Taiwan and Triangles ○What are the two main political parties in Taiwan?