China's Economic Statecraft: Turning Wealth into Power

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Chinese leaders increasingly deploy economic resources such as foreign aid and overseas investments to influence policy decisions in other countries. To implement economic statecraft, China's leaders rely upon their state-owned companies, bureaucratic agencies, and local officials, even though they are often unreliable representatives of the central government. Applying an innovative economic theory, this project examines how central leaders' delegation of authority shapes the effectiveness of China's economic statecraft across mainland Asia. The results aim to specify the conditions under which China is able to translate wealth into power—to utilize economic resources to exert political influence abroad.