Global China 2049 Initiative to help local business leaders

Jamil Khan, Senior Reporter

Given the United States’ seemingly long-term China containment policy, the Global China 2049 Initiative presents challenges rather than opportunities to the US, a paper published by the Centre for the Study of Global Economic Future (CSGEF) has claimed. The paper, Global China 2049 Initiative: Challenges and Opportunities for the US, has been produced by CSGEF Non-Resident Fellow Prof. Yana Leksyutina as part of its Future of Economic Powers & Geoeconomics (EP&G) Programme.

READ MORE

Dafza marks a significant growth in sales revenue registered firms

Dubai's virus response helps rapid business recovery, says Hamdan

Worlds first project to extract water from air at Masdar City

Prof. Leksyutina highlights a set of state-led strategies and policies aimed at building China into a global economic, manufacturing, innovation, and financial powerhouse.

“President Biden has referred to China as “our most serious competitor” and called on allies and partners to “prepare together for long-term strategic competition with China,” writes Prof. Yana Leksyutina. According to her, given Washington’s seemingly long-term containment policy toward China, the Global China 2049 Initiative presents significant challenges rather than opportunities to the US. Prof. Leksyutina is a professor at the School of International Relations, Saint Petersburg State University, Russia.

CSGEF Managing Director, Mahmood Sharif Mahmood, emphasised the need to study the various dimensions of the geoeconomics trends taking shape worldwide, especially in the context of the US-China competition. “From a research center perspective, it has been fascinating watching the geoeconomics circumstances unfold.”