This webinar is part of the webinar series 'Staying in Dialogue with China'. The series will bring you six webinars with distinguished China-based experts, concentrated between April and October 2024.
'Staying in Dialogue with China' is organized and hosted by China Macro Group (CMG), with Caixin Global as Anchor Partner, in cooperation with the China Europe International Business School (CEIBS), Chinaforum Bayern, Swissmem, the Swiss Chinese Chamber of Commerce (SCCC), the Danish-Chinese Business Forum (DCBF), SwissCham China, the Stein am Rhein Symposium (stars), and the Sweden-China Trade Council (SCTC).
In the third webinar of this year’s “Staying in Dialogue with China” webinar series, Co-founder and Managing Director of CMG, Markus Hermann, will talk to Prof. WANG Zhengxu, Professor at the Department of Political Science, School of Public Affairs at Zhejiang University about China’s “economic security” as a third structural transition as per CMG’s conceptual framework of China’s political economy.
From adopting the two policy concepts “holistic view of national security” (总体国家安全观) at the 19th Party Congress in 2017 and “coordinating development and security” (统筹发展和安全) with the 14th Five-Year-Plan in March 2021 respectively, Chinese policymakers have visibly made ‘risk management”, or in EU terms “de-risking”, a strategic priority in China’s policymaking in recent years. Even though economic security is only one of sixteen security concepts of China’s broad national security notion, we use it as the main term to discuss security interests of Chinese government with highest relevance for foreign business engaging in the Chinese market.
This development was driven by a confluence of factors at play in 2020, the main year of the drafting of the 14th FYP, including China’s hardened perception of the US’ intent to contain its further rise, persisting development challenges, previously introduced ideological reframing such as the “new era” and “high-quality development” and then, importantly, President Xi’s personal reflections in the form of a pivotal speech following the initial containment of the Covid pandemic in April 2020. Since the Central Economic Work Conference held at the end of 2023, however, a recalibration of security needs can be observed through policy articulations and new concepts such as the need for a “positive interaction” between “high-quality development” and “high-level security”.
Against this dynamic backdrop, this webinar discusses evolving security needs and risk perceptions of the Chinese government, the implementation of ‘economic security’ in China’s policymaking today – for instance through concepts and policies such as “self-reliance”, “bottleneck technologies”, “manufacturing champions”, “local supply chain ecosystems” or the “new system for mobilizing resources nationwide” – as well as what this means for foreign business.
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