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Covid-19 Populism Challenges And China’S Financial Law Responses: Three Emerging Case Scenarios

Author

Listed:
  • Wei Shen

    (Shanghai Jiao Tong University, China)

  • Carrie Shu Shang

    (California State Polytechnic University, Pomona)

  • Li Fang

    (Beijing Jincheng Tongda & Neal Law Firm)

Abstract

China’s increasing engagement in international governance has had significant ramifications in international rule-making and institutional build-up. The post-COVID-19 era has seen a rise of populism in China, as well as an elevation of China’s significance in international governance. This article offers a new perspective on China’s growing influence in the midst of resurgent populism, by focusing on three case scenarios: defending state liability in public health crisis lawsuits, championing financial multilateralism, and an emerging digital currency landscape. The argument made here is that China’s status as a rising power has led it to advocate for international rules, standards, and institutions in a de-Americanised and anti-populist manner.

Suggested Citation

  • Wei Shen & Carrie Shu Shang & Li Fang, 2023. "Covid-19 Populism Challenges And China’S Financial Law Responses: Three Emerging Case Scenarios," Journal of Central Banking Law and Institutions, Bank Indonesia, vol. 2(1), pages 55-92, Maret.
    • Handle: RePEc:idn:jclijn:v:2:y:2023:i:1c:p:55-92
    DOI: https://doi.org/10.21098/jcli.v2i1.27
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