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Carrots, not sticks: a historical analysis of Beijing's economic statecraft towards Hong Kong
[journal article]
Abstract This analysis offers a historical assessment of "economic statecraft" in Beijing's approach to Hong Kong from 1997 to 2020. It discusses how the concept of "economic statecraft" can be applied to Beijing-Hong Kong relations given the nature of the "one country, two systems" framework, and looks at s... view more
This analysis offers a historical assessment of "economic statecraft" in Beijing's approach to Hong Kong from 1997 to 2020. It discusses how the concept of "economic statecraft" can be applied to Beijing-Hong Kong relations given the nature of the "one country, two systems" framework, and looks at some differing perceptions about economic statecraft in Hong Kong. It argues that, during this period, economic tools were in general used by Beijing relatively sparingly, and in the form of inducements rather than coercion. In conclusion, the analysis suggests that the contested interpretations of Beijing-Hong Kong economic relations demonstrate that "economic statecraft" is to a certain extent in the eye of the beholder.... view less
Keywords
China; Hong Kong; economic policy; economic relations
Classification
Economic Policy
Free Keywords
Geschichtlicher Überblick; Instrumente der Innenpolitik; Verhältnis Zentralregierung - Region; Wechselbeziehungen Innenpolitik - Wirtschaftspolitik
Document language
English
Publication Year
2021
Page/Pages
p. 422-437
Journal
Journal of Current Chinese Affairs, 50 (2021) 3
Issue topic
PRC Economic Statecraft Explored: How Uniquely Chinese Are Its Characteristics?
ISSN
1868-4874
Status
Published Version; peer reviewed