China and the power of financial instruments – way of the usage
DOI:
https://doi.org/10.5281/zenodo.6462959Keywords:
NATO, EU, Russia, China, terrorism, radicalization, hybrid threats, BalkansAbstract
An almost certain major challenge for the West and NATO in the 21st century will be the Peopleʼs Republic of China, which has successfully used its increased economic power to shape geopolitics to its advantage. It is necessary to pay attention to Beijing's direct and long-term ambitions, as well as the methods they use, in order to better understand the future challenges that will arise from this. China uses economic warfare as a strategic weapon. The vulnerability of the countries in Southeast Asia is increasing due to the fact that China not only remains ASEANʼs largest trading partner as a bloc, but is also individually the largest trading partner with most countries. At the same time, arguably the most visible manifestation of China’s aggressive economic diplomacy is through the so-called One Belt, One Road (BRI) initiative, where financially vulnerable countries are trapped in debt.
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