Abstract

The chapter outlines different dimensions of Chinese global economic power. It shows how China has developed forms of market and production power, and how these interacts with the desire to establish technological leadership in some areas. The main focus, though, is on the flow of money from China to others considering both Chinese aid, and Chinese outward foreign direct investment. It suggests that the growth of outward investment has been a key source of change in the way that China’s global economic role and power have been perceived; not always to China’s benefit. It concludes by considering the potential consequences of the economic impact of the covid-19 pandemic on China’s ability to exert global economic power in the future.

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