China's Strategic Challenge to Hegemony for a New Global Order

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Politik Ekonomik Kuram
Cilt: 9 Sayı: 3
China's Strategic Challenge to Hegemony for a New Global Order

China's Strategic Challenge to Hegemony for a New Global Order

Pages : 1083-1096

View : 51 | Download : 128

Publication Date : 2025-09-19

Article Type : Research Paper

Abstract :This study examines China’s challenge to the global hegemonic order through finance, politics, and commerce in a systematic and interconnected manner. Its research question is \\\"What are China’s strategic initiatives in economic, political, and commercial spheres against global hegemonic order?”. China implemented initiatives notably since 2008 financial crisis with dissatisfaction from Western-dominated institutions. Financially, China’s initiatives of “Asian Infrastructure Investment Bank”, “New Development Bank”, digital yuan and “Cross-Border Interbank Payment System” highlights its drive to reduce reliance on Western financial mechanisms. Politically, China utilized BRICS alliance to advocate for a multipolar world order as alternative to the U.S. hegemony. Commercially, China augments its global influence by advancing high-value industries, “the Belt and Road Initiative” and “Made in China 2025”. This study\\\'s originality lies in its integrated and holistic analysis of China’s systematic initiatives in these strategic spheres to reshape international power structures. Methodologically, this study adopts a qualitative analysis approach, synthesizing data from primary and secondary sources to provide a holistic view of China’s strategic efforts across these spheres. It thus distinguishes from existing literature and offers more comprehensive perspective on China\\\'s systemic challenge to global hegemony by integrating financial, political, and commercial dimensions within a unified analytical framework.
Keywords : Hegemonya, Küresel Düzen, Meydan Okuma

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