International political economy and geoeconomics

Great power competition is increasingly playing out in the economic sector, with trade, finance and investment often utilized as instruments of foreign policy. The politicization of economic relations also includes efforts by countries to manage and mitigate geo-economic risks, including supply chain disruptions and access denial to critical minerals. This theme of the SIPRI China and Asia Security Programme endeavours to understand how such dynamics impact prospects for peace, security and development in the region and beyond. The research focuses on the geoeconomic and security implications of China’s economic convergence and divergence with key foreign partners in the context of growing United States–China strategic rivalry. It examines, among other things, how China responds to the challenges of de-globalization, de-risking, and growing restrictions on access to critical and emerging technologies.