How does China turn the economy into a geopolitical weapon?
▫ China has established its position in the global economy for years by relying on free trade, industrial investment and expanding supply chains. But now this country is using its dominant position in the production and supply of strategic goods as a tool to advance geopolitical goals.
▫ This approach is related to Xi Jinping's change of view on the Chinese economy. In this view, trade, technology and production are no longer just tools for economic growth; Instead, they should be used for strategic competition with the West and to secure China's global position.
▫ But this competition has a fundamental contradiction: when the logic of security and politics prevails over the economic logic, the profitability and efficiency of the companies are under pressure. Perhaps, in the short term, countries can bear the cost of this conflict, but in the long term, the politicization of the economy may end up at the cost of weakening the same productive capacity that should strengthen national power.
▫ Is the global economy entering a new era in which industrial dependence will be the most important tool of political power?
The link of this program in Aparat.