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Impact of the U.S. “Indo-Pacific Strategy” and “Pivot to Asia” and China’s “Belt and Road Initiative” on Sino-US Political and Economic Relations

Author

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  • Hsiung-Shen Jung
  • Jui-Lung Chen

Abstract

In response to China's rapid rise and its claim of broadening its "core interests", the U.S. launched the "Indo-Pacific Strategy" and "Pivot to Asia". Meanwhile, in order to avoid conflicts with the U.S. caused by advancing eastwards, China continues its steps of expanding westwards by proposing the cross-border and inter-continental "Belt and Road Initiative". To carry on this initiative smoothly and maintain economic stability and development, China has also proposed the new model of major power relations. This paper aims to explore the development and influence of political and economic relations between the two countries by analyzing the policies pursued by the U.S. and China.

Suggested Citation

  • Hsiung-Shen Jung & Jui-Lung Chen, 2019. "Impact of the U.S. “Indo-Pacific Strategy” and “Pivot to Asia” and China’s “Belt and Road Initiative” on Sino-US Political and Economic Relations," International Business Research, Canadian Center of Science and Education, vol. 12(6), pages 11-22, June.
    • Handle: RePEc:ibn:ibrjnl:v:12:y:2019:i:6:p:11-22
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    References listed on IDEAS

    as
    1. Zhikai Wang, 2018. "Belt and Road Strategy," World Scientific Book Chapters, in: Steven Rosefielde & Masaaki Kuboniwa & Satoshi Mizobata & Kumiko Haba (ed.), The Unwinding of the Globalist Dream EU, Russia and China, chapter 15, pages 249-262, World Scientific Publishing Co. Pte. Ltd..
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    More about this item

    Keywords

    Indo-Pacific Strategy; Pivot to Asia; Belt and Road Initiative; The New Model of Major Power Relations;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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