Economy: China is reshaping the world order

American and Western hegemony is being challenged by the rise of China. As Beijing continues to strengthen its economic influence across the globe, perceptions vary widely across income levels. This analysis explores how China is reshaping the global economic landscape and the contrasting responses of different regions of the world to this development.

Perception of Chinese economic influence

China, already feared by the EU, wields considerable economic influence worldwide, according to a recent Pew Research Center survey conducted in 35 countries. However, itThis influence is perceived differently according to the income level of nations.

In the middle-income countries47% of respondents view this influence favorably, while in the high income countries57% perceive it negatively.

In the United States, for example, approximately 75% of Americans view China's economic impact negatively.

Since 2019, this negative perception has increased in countries such as Argentina, Brazil, Israel, Japan, South Korea and Tunisia.

This gap in perceptions highlights concerns about environmental practices and the treatment of workers by Chinese companies, particularly in middle-income countries.

Chinese investments and their impact

The launch of theChina's Belt and Road Initiative in 2013 marked a turning point in its global investment strategy, reaching today nearly 3 trillion dollars of foreign direct investment. This initiative has enabled many countries to receive funding for infrastructure projectsbut it has also raised controversy.

Although people in countries like Thailand (81%), Kenya (80%) and Bangladesh (79%) view these investments positively, concerns remain about their environmental and social impact. It seems like the same accusations against bitcoin (BTC).

For example, in Ghana and South Africa, a majority of people believe thatChinese companies do not protect the environment enough.

In addition, in several countries, there is criticism of the treatment of local workers by these companies. As one expert points out:

” The challenge for Chinese companies is to prove that they can be good corporate citizens, not only through their investments, but also through their ethical practices. »

The Global Economy and Territorial Disputes in Asia-Pacific

China's territorial disputes in the Asia-Pacific region are exacerbating geopolitical tensions, particularly in the South China Sea and around the Spratly Islands. These conflicts are of great concern to neighboring countries.

In the Philippines, for example, 91% of people are worried about border tensions with China. Incidents such as the collision between Chinese and Philippine ships amplify these concerns. In Australia, Japan, Malaysia and South Korea, about three-quarters of respondents share these concerns.

However, in countries like Malaysia and Thailand, a majority see China as contributing to global peace and stability.

These contrasting opinions illustrate the complexity of relations with China in this strategic region.

Key points :

• Perceptions of China vary greatly depending on countries' income;
• Chinese investments are viewed positively in some countries, but raise environmental and social concerns;
• Territorial disputes in Asia-Pacific raise concerns about regional stability.

China is increasingly emerging as a major economic player, changing global dynamics. However, as this analysis by our colleague underlines, the future of global economic relations will depend on China's ability to dispel environmental and social concerns related to its investments.