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AbstractThis paper examines China's involvement in the governance of international development finance (IDF), analyzes its approach to the IDF regime complex, and explains its strategic policy incoherence. It shows that in recent decades China has actively engaged with the elemental IDF regimes at multiple levels – global, regional, cross‐regional, subregional, and bilateral. It argues that the Chinese government has been strategically incoherent in its policy toward IDF governance, lending support to competing models and norms. China's 'forum linking' strategy with regard to multilateral development banks has enhanced international cooperation while its unconventional bilateral development assistance programs have facilitated 'forum shopping' by the recipient countries, thus undermining the traditional IDF framework. There are multiple sources of China's strategic policy incoherence. Besides the country's multiple identities and complex interests, this paper highlights the impact of the fragmented nature of the regime complex and Chinese perception of this fragmentation.

ABSTRACTThe creation of the New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB) has generated a great deal of attention and controversy in the development community and beyond. Do these banks indicate that China is promoting a new model of multilateral development finance that undermines the existing system dating back to Bretton Woods? What are the forces shaping China's policy choices in this area? In contrast to the prevailing tendency to view these banks as part and parcel of the same challenge or opportunity for multilateral development financing, this article highlights major distinctions between the NDB and the AIIB. The fact that China is playing a prominent role in both the NDB and the AIIB suggests that China is not promoting a coherent new model of multilateral development financing, but is instead straddling different traditions in this realm of global financial governance. The ambiguity in China's approach to multilateral development finance is shaped by its multiple identities and complex economic and political interests.

AbstractIs the creation of the New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB) a challenge for the World Bank and other traditional multilateral development banks (MDBs)? This paper provides an initial assessment of the potential benefits and risks of NDB and AIIB by examining their motivations, scale, structures, rules and first projects. It identifies areas in which the new MDBs can complement the World Bank and other traditional MDBs and discusses ways in which they can undermine the latter. It suggests ways in which the two types of MDBs can further their cooperation in development financing.

The growing economic presence of China around the world is a widely recognized reality. China's expanding economic relations with other developing countries have generated both positive and negative reactions. Many believe that the increasing economic ties between China and these countries will enhance China's political influence and encourage political cooperation between China and other countries in the Global South. How strong is the economic-political link? This article examines this question in the context of Sino-Latin American relations in recent years. It finds that thus far China's expanding economic relations with the region have not had a significant spillover effect into the political realm. The article provides preliminary explanations of the missing link between the economic and the political. It calls for more nuanced ways to apply familiar international relations paradigms to understanding the implications of the rise of China. (J Contemp China/GIGA)

The rise of China as a major power in the world is an indisputable reality of world politics today. Less clear is whether China will abide by the prevailing international rules as it becomes more powerful. This article attempts to gauge China's evolving attitude toward international norms pertinent to domestic governance by studying a popular Chinese slogan – "link up with the international track" (yu guoji jiegui). It examines the rise of the slogan at different levels of the Chinese public discourse, analyses its meanings and applications in the Chinese discourse, and assesses the major controversies over the slogan. This study shows that Chinese thinking about international norms varies across time, secots and issue areas. It suggests the need for greater nuance in our understanding of current and future Chinese attitudes towards international rules.