{"id":40414,"date":"2025-01-13T15:51:24","date_gmt":"2025-01-13T15:51:24","guid":{"rendered":"https:\/\/pakistanintheworld.pk\/live\/?p=40414"},"modified":"2025-01-13T16:03:08","modified_gmt":"2025-01-13T16:03:08","slug":"balancing-global-development-chinas-response-to-economic-over-securitization","status":"publish","type":"post","link":"https:\/\/pakistanintheworld.pk\/live\/balancing-global-development-chinas-response-to-economic-over-securitization\/","title":{"rendered":"“Balancing Global Development: China\u2019s Response to Economic Over-Securitization”"},"content":{"rendered":"

\"\"Asad ullah Khan: Editor by Dr Talat Shabbir
\n<\/span><\/b><\/p>\n

Pak China Study Center @ Istitute of Strategic Studies Islamabad ISSI <\/span><\/em><\/p>\n

President Xi Jinping held an important meeting with the leaders and representatives of major international economic organizations in Beijing on December 10, 2024.[1]<\/a> In this meeting, President Xi stressed the importance of “economic security” as the world has entered a phase of turbulence and change. <\/span><\/b><\/p>\n

He emphasized that in pursuing economic security, cooperation, solidarity, and win-win outcomes should become the defining theme of our time. President Xi highlighted that China has consistently promoted international cooperation and multilateralism through major international economic organizations and supported the development of Global South countries. <\/span><\/p>\n

He stated that China is committed to shaping an equal and orderly multipolar world, fostering universally beneficial economic globalization, and building a just world of common development.<\/span><\/p>\n

In this backdrop, the Shanghai Institutes for International Studies (SIIS)<\/strong> also launched a report in September 2024 titled, The Global Challenge of Economic Over-Securitization and China\u2019s Response.[2]<\/b><\/a><\/i> The report distinguishes between the concepts of \u2018economic security\u2019 and \u2018economic over-securitization\u2019. <\/span><\/p>\n

It explains that economic security is a critical pillar of national security, serving as a cornerstone of resilience against external risks and a means to promote internal development. This ensures a path to common development under economic interdependence. <\/span><\/p>\n

In contrast, economic over-securitization involves linking economic issues with politics, military considerations, ideology and so on. The report warns that economic over-securitization can lead to market segmentation, inefficient production, and economic conflicts\u2014practices China opposes in its global relations.<\/span><\/p>\n

Pakistan in the World \u2013 Aug \/ Sep 2024<\/a><\/p><\/blockquote>\n