China's Participation in Global Economic Governance under Global Financial Imbalance: A SWOT Analysis
Current global economic imbalance becomes increasingly severe, with major developed economies struggling with financial difficulties, a narrowed fiscal space, and the invalidity of conventional economic policies. Various economic protectionist policies, such as trade protection, exchange rate intervention, and capital flows control, are spreading around the globe. The key of global economic governance lies in the restructuring of the global labor division as well as the trade and finance system. Yet a major aspect of global economic governance, viewed by developed countries, is to address China's trade surplus as the country has had a huge trade surplus and foreign exchange reserves, while in this process China shows an urgent need to enhance her ability to participate in global economic governance. This paper attempts to use the SWOT strategic analysis framework to expand the empirical study of China's participation in global economic governance, elucidating on her comparative advantages, weaknesses, opportunities and risks along with the core competitiveness, trying to provide the basis of decision-making and theoretical support for China's efforts in this regard.