China should avoid seeking global ‘kingship’ amid US tensions, academic says ahead of Antony Blinken visit
- Ju Jiandong, chair professor of finance at Tsinghua University, says China should counter Washington’s decoupling endeavours by building an Asian community
- US Secretary of State Antony Blinken is set to begin a two-day visit to China on Sunday amid escalating tensions between Beijing and Washington
Beijing should not seek a global “kingship”, but instead build an Asian community as the first step to counter Washington’s decoupling endeavours, according to Tsinghua University finance professor who specialises in the US-China trade war.
Ju Jiandong, chair professor of finance at the Beijing-based institute, has long advocated for a bigger role for China in global economic governance.
His comments in the latest issue of the Tsinghua Financial Review this week came ahead of a two-day visit to China by US Secretary of State Antony Blinken, who is set to arrive in Beijing on Sunday amid escalating tensions between the world’s two largest economies.
We need to draw a boundary of markets led by China
“Don’t declare kingship, stabilise markets and promote sharing. [This is my suggested] strategy for the big power competition,” he said in his 5,500-word research paper.
“We need to draw a boundary of markets led by China.”
Ju’s academic article does not necessarily reflect the thoughts of Beijing’s policymakers, but highlights the worries of academics, economists, investors and ordinary Chinese citizens about the fast changing international geopolitics.
Such measures are expected to grow as the size of China’s economy is expected by many economists to surpass the US by around 2030.