China’s Perspective on Economic Security

In the 1990s, more discussions of economic security started to emerge, particularly against the backdrop of the 1997 Asian Financial Crisis as well as China’s entry to the WTO.7 By extension, Beijing’s conceptualization of economic security was very much about weathering the risks stemming from globalization and economic integration — in other words, how to respond to more classic problems such as. [...] China’s Perspectives on Economic Security | 73 The approach of integrating development and security was first introduced by President Xi in a series of speeches in 2014, including important meetings of the Central National Security Commission and the Central Conference on Work Relating to Foreign Affairs as well as at an international conference on Asian security.16 Equating development and securi. [...] Moreover, the existential nature of these threats justifies broader securitization of the economy and the breaking of institutionalized rules.20 In an official interpretation of the 14th Five Year Plan (2021-2025), the National Development and Reform Commission (NDRC) identified four categories of economic security: industrial supply chains, food and agriculture, energy and resources, and the fina. [...] The Chinese people are described at being at the “center” of economic security, both because government policies are designed to promote development and well-being, and because the people are exhorted to be supporters of the Party’s goals, including sometimes reconciling individual interests and national security.31 The latter might be seen as a hint that the pursuit of economic security as define. [...] To achieve the Chinese dream of the great rejuvenation of the Chinese nation, one must truly make good use of science and technology, which is a revolution in the highest sense and a powerful lever.46 78 | Korea Policy 2023 Of course, the IIDS and MIC 2025 build on previous techno-industrial policy initiatives that sought to increase self-sufficiency and move up the value chain, even before econom.