№ 7/2023

Ekon Ukr. 2023 (7): 5–30https://doi.org/10.15407/economyukr.2023.07.005

ECONOMY OF FOREIGN COUNTRIES

УДК 330.3+338.1+339.5+339.9(510)

JEL: F01, F52, F63, O53

SIDENKO Volodymyr¹

¹Institute for Economics and Forecasting of the NAS of Ukraine, Research ID : http://www.researcherid.com/rid/ACS-1894-2022
OrcID ID : https://orcid.org/https://orcid.org/0000-0002-4195-5351

GLOBAL POSITIONING OF CHINESE ECONOMY: SECURITY ASPECT

The studied changes in the global positioning of Chinese economy resulted from significant and long-term successes of the country in ensuring high dynamics of economic development, achieving radical structural changes and a high level of international competitiveness, which enables China to directly challenge the positions of leading world economic centers, represented by the USA and the EU, and claim the role of an alternative center shaping the global order. This leads to significant aggravation of competitive struggle and contradictions between China and the West, paves the way for overall global destabilization.
The intensifying global competition between China and the leading Western centers leads to the spread of restrictive trade and investment measures in a number of important economic areas, increases the level of commercial and investment risks, causes the disruption of global value chains and strengthens the desire of multinational companies to relocate their production outside China. In turn, it stimulates the reorientation of China's economic development policy to qualitative parameters and the transition from excessive export orientation to a more balanced economic development. At the same time, it encourages the country to promote an alternative model of globalization based on the "shared future for mankind" concept coupled with the use of a powerful mechanism of investment and financial penetration into various regions of the world, forming its economic and political influence zone. China's future global prospects will largely depend on its ability to become a real world technological leader amid the rapid spread of the latest information, bio- and nanotechnologies.
A significant aggravation of China's conflicts with the West will create an unfavorable environment for the development of the world economy, preventing solution of the key global problems of humanity, and will generate a number of global security risks. In addition, it will require an intensification of efforts to find new institutional formats to ensure a balance of interests among key actors in the world economy.

Keywords:development of China’s economy; global positioning; global competition; global security; economic development trends; structural economic changes

Article original in Ukrainian (pp. 5 - 30)

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The article was received by the Editorial staff on July 6 , 2023

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