Chinese Vector of Us Policy in the Second Part of the Current Decade:economic Aspect

Abstract

The paper covers new approaches of theUSadministration to foreign economic policy with focus onChina, the wide range of instruments being used against unfair Chinese practicies.USpolicy with some issues shaping theUSparticipation in the world economy and changing relations with main trade partners, includingChina, is being analyzed. The Tariffs being imposed by US and then byChinaare only a piece of the problem. The negotiations over the protection of intellectual property, cyber theft, technology transfers are on the agenda. It is highlighted thatChina’s science and technology capabilities, with growing of research and development spending remaining extremely high, has made it possible to become a prominent player and the largest world’ producer in many technology-intensive industries. Also its relative position is not so strong in the knowledge – intensive services sector, where US and leading EU countries are dominating, China’s growth in this field is far more rapid than developed economies overall. While global economic competition is increasing, it becomes more difficult to reach the bilateral understanding between US andChina.

La Unión Económica Euroasiática en el contexto de los procesos de integración global: El papel de la integración regional euroasiática y su influencia sobre la política mundial.

“…Karimova, 2017). The dynamics of integration associations and its individual countries and forecast of their development indicate a significant change in the balance of power in the 21 st century (L.F. Lebedeva, 2016).…”

“…According to L.F. Lebedeva (2016), the period under the review is characterized by a change in the quantitative indicators of the growth in the number of new agreements; by the enlargement of existing blocks; by the formation of megapartnerships covering not only the leading world economic centers, but also developing countries; as well as the conclusion of free trade agreements between regional integration associations and individual countries including member states of other associations. The East Asian countries, like the European ones, also perceive the integration project as a way to ensure peace among themselves and gain power in the international arena (A.A. Baikov, 2007).…”