China is changing the world economy as currently ranking the top trading partner in most developing countries. The impact of China’s rise in the global economy and Asia-Pacific regional order mean China is likely to become the global post-American hegemony. That might be nightmares for New Zealand that China’s assertion of its power is likely to be accompanied by an extension of its major preoccupation and influencing with New Zealand’s economic, political and strategic interests. New Zealand’s policy-makers should bear in mind for this trajectory of China’s power for the next five years or more. Because of both its wealth and external interests expand generate China’s economy will continue to grow strongly, resulting in significant challenges for leaders to negotiate.
Table of Contents
Background (The Early Beginning)
Introduction
China’s Economic Globalisation and Its Influence on New Zealand
China’s Regional and Strategic concerns: Impact on NZ regional strategy
China’s Political Influence under Xi Jinping
China’s rising: Opportunities for New Zealand?
Research Objectives and Topics
This paper examines the complex dynamics of the bilateral relationship between New Zealand and China, focusing on economic, strategic, and political dimensions. It aims to analyze how China's global rise and regional influence necessitate a strategic adjustment for New Zealand policy-makers in the coming years.
- The impact of China’s economic globalization on New Zealand's market and trade terms.
- New Zealand’s regional strategy within the Asia-Pacific context and its engagement with ASEAN.
- Political influence and interference concerns regarding the Chinese government under Xi Jinping.
- Assessment of risks versus economic opportunities presented by China’s Belt and Road Initiative.
Excerpt from the Book
China’s Economic Globalisation and Its Influence on New Zealand
China has been emerging world order in terms of economic and political power in the 21st century. China has also become the new champion of free trade as an economic protectionism and leading economic globalisation in the international system. Chinese President Xi Jinping addressed during his speech at the Asia-Pacific Economic Cooperation Summit in Vietnam in November 2017 that “more open, more balanced, more equitable and more beneficial” trading agreement benefit the existing “multilateral trading regime” and outlines the importance of “practicing open regionalism ” (Heydarian, 2017).
In late 2013, President Xi officially announced his doubled down economic project by initiating the trillion-dollar One Belt One Road Initiative, a mega project that try to connect from Asia to Europe and Africa through a network of Beijing-funded roads, railways, and shipping lanes.
Many scholars and policy-makers have been concerned over China’s initiation of the New Silk Road plan that would largely impact on global development. It is important question to consider how will China finance itself for infrastructural projects that it has so far proposed under the plan and what are the impacts of such development on the global finance system? One reason is that China has achieved an agreement with international financial institutions and other countries that there is also need to sustain infrastructural development in many places around the world to achieve and benefit a win-win cooperation. Another reason is that Chia is now able to show to other stakeholders that it has very strong financial and human resources capabilities as well as political influences that can enter into such cooperation.
Summary of Chapters
Background (The Early Beginning): Outlines the historical evolution of diplomatic and economic relations between New Zealand and China since 1972.
Introduction: Sets the stage by detailing the geopolitical context and defining the three main issues explored regarding China's influence on New Zealand.
China’s Economic Globalisation and Its Influence on New Zealand: Analyzes the dependency of the New Zealand economy on Chinese markets and the shifting trends in global trade.
China’s Regional and Strategic concerns: Impact on NZ regional strategy: Examines how China’s regional security and integration goals affect New Zealand’s diplomatic approach in the Asia-Pacific.
China’s Political Influence under Xi Jinping: Discusses the risks of foreign influence activities and the concerns regarding the sovereignty of New Zealand's political systems.
China’s rising: Opportunities for New Zealand?: Evaluates the potential economic benefits of the Belt and Road Initiative and the long-term outlook for bilateral cooperation.
Keywords
New Zealand, China, Bilateral Relations, Economic Globalization, Belt and Road Initiative, Geopolitics, Trade Agreement, Asia-Pacific, Strategic Influence, Regional Integration, Xi Jinping, Foreign Policy, Economic Development, Market Economy, Trade Relations.
Frequently Asked Questions
What is the primary focus of this strategy paper?
The paper focuses on analyzing the major risks and opportunities arising from the relationship between New Zealand and China, specifically in the context of China’s global and regional rise.
What are the central themes discussed in the work?
The central themes include economic interdependence, strategic regional shifts in the Asia-Pacific, political influence activities, and the impact of the Belt and Road Initiative on New Zealand businesses.
What is the core research objective?
The objective is to examine how China’s economic and political power influences New Zealand and to provide insight into how policy-makers should manage this complex international environment in the future.
Which scientific approach is utilized?
The paper utilizes a qualitative analysis approach, synthesizing reports, academic arguments, and diplomatic history to evaluate the trajectories of Sino-NZ relations.
What is covered in the main section?
The main section covers the historical background, the economic effects of China's rise on New Zealand's terms of trade, regional security concerns, and the political implications of current Chinese foreign policy.
How would you characterize the work with keywords?
The work is characterized by keywords such as Bilateral Relations, Strategic Influence, Economic Globalization, Geopolitics, and Regional Integration.
How does the author view the 'five firsts' in the context of the relationship?
The author highlights the 'five firsts' as historical milestones that established a strong, cooperative foundation between New Zealand and China, signaling New Zealand's early and proactive engagement.
What specific concern does Professor Anne-Marie Brady raise?
Professor Brady warns that China's influence in New Zealand has reached a 'critical level' and suggests that the country is being targeted by interference campaigns that threaten democratic integrity.
What role does the 'Belt and Road Initiative' play in the author's analysis?
The author views the initiative as a dual-edged sword: while it presents massive opportunities for trade facilitation and infrastructure-led growth, it also raises concerns about financial dependence and political influence.
How is the bilateral economic relationship described?
It is described as significantly asymmetrical, with New Zealand maintaining a high level of reliance on the Chinese market for exports and agricultural sector support.
- Quote paper
- Daniel Za (Author), 2018, New Zealand in the World. Major risks and opportunities in New Zealand's relationship with China, Munich, GRIN Verlag, https://www.grin.com/document/494467
