China after Boao-2015

DOI: 10.20542/0131-2227-2015-8-61-70

V. Mikheev, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., 117997, Moscow, Russian Federation (
S. Lukonin, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., 117997, Moscow, Russian Federation (

Acknowledgement. The article is prepared with fi nancial support of the Russian Humanitarian Foundation (grant no. 15-27-21002 “Eastern Europe and Russia Factor in Implementation of Chinese Silk Road Economic Belt Megastrategy”).

Abstract. At the Boao Forum-2015 China fixed the main directions of its domestic and foreign policy. The major goal of its foreign policy is to actively influence the global economy development in the coming decades. The main impact directions are the following: restructuring of the world's infrastructure, changing of the global financial system, becoming one of the drivers in the global innovation economy. On a personal level, Xi Jinping continues to consistently implement its “strategic goal” – to go down in history as China's “number three leaderafter Mao Zedong and Deng Xiaoping. Xi is developing his major innovations: fight against corruption, establishment of the National Security Council, development of the “Chinese Dream” concept, formulation of the “New Norm” concept in the economy and of a new foreign policy doctrine. In the foreign policy, the course of improving China's global role and building a “new type” relationship with the United States is being strengthened. In relations with Russia and the United States, Beijing is following the dual-track policy of “hedging” political risks: on one hand,  talking about a “special relationship with Russia”, and on the other – using the worsening of relations between Russia and the United States in order to receive dividends from both “Russia's turn to the East” and the U.S.' desire to prevent the rapprochement between Russia and China in a new version of the “Cold War”. Prospects for a new balance of forces configuration in the West-China-Russia triangle over the next five to ten years do not appear favorable for Russia. China will continue the trend to global leadership and “partnership-rivalry” relationship with the United States.

Keywords: world economy, China, foreign policy, Silk Road Economic Belt Megastrategy, Boao Forum

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For citation:
Mikheev V., Lukonin S. China after Boao-2015. World Eonomy and International Relations, 2015, no. 8, pp. 61-70.

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