• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Sailing the Seas of Economic Security
Finance

Sailing the Seas of Economic Security

October 10, 2023No Comments6 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Sailing the Seas of Economic Security
Share
Facebook Twitter LinkedIn Pinterest Email
Advertisement

In the security state that Chinese leader Xi Jinping is building, economic security matters. But in the “securitization of everything” that is emblematic of his governing style, how crucial is it exactly? 

Economic security is just one of the 16 areas outlined in Xi’s 2014 vision of “comprehensive national security” (总体国家安全). This concept encompasses a broad range of issues, from culture to “ecological security.” When he first introduced the notion at the founding session of the Central National Security Commission, Xi Jinping called economic security the “foundation” of China’s comprehensive approach. As such, it ranked below the “bedrock” (根本) of “political security,” which centers on preserving China’s regime stability. 

Among the other elements listed, military and technological security are meant to provide an “assurance” (保障) to that overarching goal. The remaining domains, such as deep sea and space, are areas where the party-state aims to defend Chinese interests from threats.

China’s “comprehensive national security” concept was first articulated during a critical juncture in Xi Jinping’s first term at the top of the Politburo Standing Committee, when his national security prioritization started becoming obvious. Since then, China’s international environment has considerably deteriorated, largely as a result of pushback against Xi’s policies. A factor behind this deterioration is the rise of economic security agendas in the United States, Japan, Europe, and South Korea, which complicates Chinese national and corporate strategies to expand internationally.

Most countries’ strategies do not explicitly mention China, a fig-leaf approach referred to by the EU as “country-agnostic.” The United States uses the designation “foreign countries of concern” (China, North Korea, Iran, and Russia), saying its goal is to ensure “malign actors do not have access to cutting-edge technology that can be used against America and our allies.”

See also  Mongolia and South Korea Emphasize Deeper Economic Ties 

Enjoying this article? Click here to subscribe for full access.

Whether these policies openly state it or hide it behind diplomatic language, they all respond to the same risks: China’s excessive leverage resulting from its investment in critical infrastructure and its importance in many supply chains, which creates options for economic coercion or the restriction of access to critical raw materials; leakage of civilian technology that ends up in military projects; and a list of issues linked to an uneven playing field with China’s state-led economy, and its powerful industrial policies.

Economic security is hotly debated in the European Union. Some argue that by securitizing economic relations with China, the European Commission is gaining excessive power at the expense of EU national governments. Others criticize an overly defensive posture, with risks for the European single market, and question the extent to which the Commission’s agenda is driven by the United States.

By contrast, there is little public debate in China about the notion, except in the  area of supply chain resilience. Naturally, no one can contest the absolute priority placed on “political security” and the designation of “economic security” as a tool for achieving it. Framing “economic security” from the outset as it relates to regime stability sidesteps questions raised in the West, especially the central difference between a narrower EU approach prioritizing military technologies, coercion, and excessive leverage versus a broader approach favored by the United States and Japan, centered on economic competitiveness.

Advertisement

Xi’s absolute priority on national security reflects the Chinese Communist Party’s assessment that the “period of strategic opportunity,” previously emphasized by all Chinese leaders since Deng Xiaoping, has now come to an end, replaced by a period of “changes unseen in a century.” In Xi’s “New Era,” one might add that the top priority has shifted from the prosperity of the Chinese people to a quest for state power on the global stage. 

See also  Stocks making the biggest moves premarket: ORCL, T, BBY

With clearly established strategic priorities, the space for policy debate lies in how to pragmatically implement efficient policies. China undoubtedly faces supply chain challenges, brought to light by U.S. semiconductor restrictions. The solution to this? “Vertical integration,” where major market players leverage their size to build a self-reliant supplier network, or at least one with reduced disruption risks. Here, companies are the implementers of a strategy designed by the party leadership. In addition, Chinese views seem to favor public stockpiling of critical raw materials, an approach often dismissed in Europe as a costly waste of resources.

When it comes to relations with the EU, Chinese commentaries depart from “de-risking is just decoupling in disguise” line, as goes a now famous Xinhua commentary. Since 2022, there has been a flurry of diplomatic activity to numb the European de-risking agenda. This effort culminated with the Germany visit of Chinese Prime Minister Li Qiang, who in the presence of German top companies executives, rejected “de-risking” and called for all parties to adopt instead a “dialectical view of dependence,” meaning “one should refrain from exaggerating ‘the degree of dependence’ or even simply equating interdependence with insecurity.”

The message here is that the two sides are able to co-manage the dependence risks they pose to each other. What goes unmentioned is the asymmetry in the decision-making process that leads to imposing costs – China under Xi Jinping has a well-established record of economic coercion, while the EU anti-coercion instrument, newly adopted in October 2023, requires the exhaustion of all diplomatic options before the EU can resort to defensive retaliatory measures.

See also  Tesla, JD.com, Fox & more

Chinese signals are somewhat contradictory. On the one hand, China uses top foreign leaders’ visits to Beijing to secure public statements against decoupling. On the other hand, China welcomes the European rejection of decoupling, and focuses on managing the concrete challenges that the EU’s de-risking policies will continue to pose to China-EU interactions. There seems to be an understanding that European moves are rational and justified. After all, Europe remains incredibly more open to China than the opposite.

In sum, China seeks to minimize the European “de-risking” agenda while also promoting its own national-security-first approach in China-EU trade and investment relations. This is essentially what the Chinese ambassador to the EU, Fu Cong, said when he argued that “in our view, dependency is not dangerous. What is dangerous is to weaponize the dependency. If the EU has the political will to alleviate their concerns, China is ready to talk to them and come to some sort of agreement. We should not weaponize the dependencies that one side may have on the other.” 

China, however, has a proven track record of weaponizing dependencies and is also rushing to reduce its own reliance on foreign suppliers. While Fu’s statement may be insufficient to build trust, it nevertheless has the merit of underlining China’s diplomatic tactic of downplaying the problem.

Enjoying this article? Click here to subscribe for full access.

This article was originally published as the introduction to China Trends 17, the quarterly publication of the Asia Program at Institut Montaigne. Institut Montaigne is a nonprofit, independent think tank based in Paris, France.

Economic sailing Seas security
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump’s Tariffs Trigger Turmoil In China As Country’s Economic Tailspin Intensifies Per New Data

May 6, 2025

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

OUCH! Rep Lisa McClain Delivers Best Line of the Day To Deranged Democrats and Then She Brought The Goods on The Biden Crime Family…[VIDEO] | The Gateway Pundit

September 29, 2023

Richest Asian Gautam Adani Battered in Stock Market Rout

February 18, 2023

Elton John Wraps Up Farewell Tour With ‘Magical’ Show: ‘What A Journey’ It’s Been

July 9, 2023

Fantasy Cricket Tips, Today’s Playing XIs and Pitch Report for Global T20 Canada, Match 17

July 30, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Rep. Ted Lieu Enters Judge’s Finding That Trump Is A Rapist Into The Congressional Record

July 26, 2023

News and Documentary Emmy Awards 2023 Winners List

September 28, 2023

Vietnam Pledges to Crack Down on Illicit Transshipment of Chinese Goods: Report

April 11, 2025
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.