XI JINPING’S ECONOMIC DIPLOMACY AND CHINA’S ROLE IN GLOBAL GOVERNANCE: IMPLICATIONS FOR REGIONAL SECURITY

Abstract

China’s President Xi Jinping is seen as a remarkable and revolutionary leader who has given a new direction to China as a major power in world politics since his election in 2013. 7Xi’s Economic foreign policy is one of expansion and inclusion, i.e., maximizing China’s economic potential by building multilateral and bilateral partnerships and developing trade infrastructure under the slogans of ‘regional integration’ and ‘community of shared destiny’. China’s regional integration policy includes peaceful coexistence, economic cooperation, development, and collective security. This proactive posture of China is much attributed to the Economic Diplomacy of President Xi Jinping. Chinese foreign policy revolves around the core national interests of China set by the CPC under the leadership of Xi Jinping, and reflects his vision for China as a global leader. However, Chinese endeavours bear the potential to disrupt the balance of power and have serious implications for Regional Security.