The Geoeconomics of US-China Rivalry and Its Implications for Europe
The Geoeconomics of US-China Rivalry and Its Implications for Europe

Summary/Abstract: The aim of this article is to analyse the geoeconomic rivalry between the USA and China. Firstly, the geoeconomic strategy of China, which has been implemented since the late 1970s, is presented. Then, the author answers the following questions: what was Washington's response to Beijing's actions; was there a difference in the geoeconomic approach of the US Republican and Democratic administrations towards China; what was Beijing's reaction to the US policy during the rule of both administrations? The article puts forward the following research hypotheses. First, China introduced the geoeconomic paradigm into its policy on a large scale, thereby challenging the USA. Second, although Washington has possessed geoeconomic instruments since the 1970s, it was not until the presidency of Donald Trump that it was forced to respond to the Chinese challenge on a much larger scale than it had done before. Third, the Joe Biden administration continued and even strengthened American geoeconomics towards China. Fourth, Beijing has tried to respond to US sanctions each time, while simultaneously adapting its own geoeconomic strategy to the situation of the deepening conflict with the US. Finally, the article presents theoretical conclusions drawn from the analysis, along with the implications of the US-China rivalry for the European Union. The research methodology is based on an analysis of primary sources and scientific literature.

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