China and the Global Economic Order

This Element examines China's evolving relations with the Bretton Woods institutions (BWIs), specifically the International Monetary Fund and the World Bank Group from the 1980s through 2025. Using a combination of new qualitative findings and quantitative datasets, the authors observe that China has taken an evolving approach to the BWIs in order to achieve its multiple agendas, acting largely as a 'rule-taker' during its first two decades as a member, but, over time, also becoming a 'rule-shaker' inside the BWIs, and ultimately a new 'rule-maker' outside of the BWIs. The analysis highlights China's exercise of 'two-way countervailing power' with one foot inside the BWIs, and another outside, and pushing for changes in both directions. China's interventions have resulted in BWs reforms and the gradual transformation of the global order, while also generating counter-reactions especially from the United States. This title is also available as Open Access on Cambridge Core.

List of contents

1. China and the evolution of the global economic order; 2. How China remakes the global monetary architecture; 3. How China shakes up global development finance; 4. China and the future of the global economic order; References.

Product details

• Authors: Chin Gregory T., Gallagher Kevin P.
• Publisher: Cambridge Academic
• Languages: English
• Product format: Hardback
• Release: 31.08.2025
• EAN: 9781009509084
• ISBN: 978-1-009-50908-4
• Illustrations: Worked examples or Exercises
• Series: Elements in Global China
• Subjects: Social sciences, law, business > Political science > Political science and political education; China, POLITICAL SCIENCE / World / General, Environmental Economics, Monetary Economics, Development Studies, Development economics & emerging economies, Development economics and emerging economies, International Trade, International trade and commerce