Features of the formation and development of China’s economic diplomacy
In this article, the authors attempted to uncover the nature of economic diplomacy by comparing scientific standpoints and the opinions of practicing analysts. The authors also analyzed the features of the formation and development of Chinese economic diplomacy and its role in modern international relations. This article examines new forms of cooperation between China and other countries in the context of implementing the main ideas of the Chinese initiative and analyzes the methods of economic diplomacy. The peculiarity of Chinese economic diplomacy lies in its subordination to the modern foreign policy doctrine of China as well as in its methods in foreign trade relations. A special focus in Chinese economic diplomacy is the expansion of trade relations, the search for new partners and the market, and the granting of preferences in trade and economic relations. The country’s economic diplomacy aims to implement a long term political course by choosing new forms of cooperation in the spirit of the Chinese government. The interaction of the PRC with participants in international projects initiated by the Chinese leadership is pragmatic and comprehensive. At the same time, analysts warn about the threat of dependence of other countries on the Chinese economy, through the provision of generous aid, investment, implementation of large infrastructure projects, and through other forms of encouragement to involve the countries of the world in the network of economic dependence on China