Crisis-Containing Factors of the PRCs Development

DOI: 10.20542/0131-2227-2023-67-5-24-33
V. Mikheev,
Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation.
Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation.

Received 27.01.2023. Revised 06.02.2023. Accepted 27.02.2023.

Abstract. In 2022–2023, China is entering a new stage of its development. The combination of a number of crisis-containing factors increases the likelihood of a large-scale socio-economic shock. Partly man-made excessive slowdown in economic development due to the “Zero COVID policy”, the ongoing and escalating US-Chinese rivalry and, in particular, the “technological war”, the over-concentration of power after the 20th Congress of the CPC, as well as the growing tension around the Taiwan problem – all together, or with the imposition of just two or three components, can lead to serious negative socio-economic consequences that will put into question Beijing’s achievement of its second “centennial goal” – the establishment of the PRC as one of the leading world powers by 2049. With the exception of the domestic political sphere, China is trying to find answers to the above-mentioned challenges. In late 2022 – early 2023, Beijing removes anti-coronavirus restrictions, activates trade and economic cooperation in various formats, attempts to find out common ground between Chinese and American global interests, continues to make efforts in the European (also African, Asian, etc.) direction of its foreign policy, as well as emphasizes the high level of Russian-Chinese cooperation. At the same time, trying to provide answers to crisis-containing factors, Beijing faces both opportunities and limitations. The coming year or two seem to be most difficult for China over the last 20 years. The slowdown in the economy and domestic consumption, social protests, new challenges of the pandemic, the search for options to normalize relations with the United States, balancing between the West and Russia against the background of the Ukrainian crisis, etc. will require non-standard solutions from the Chinese leadership. Here we can expect both traditional successes and possible failures. In the near future, the political model chosen by Beijing at the 20th CPC Congress will be tested for effectiveness.

Keywords: world economy, international relations, China, foreign policy, economic development model, Russian-Chinese relations


1. French H.W. Xi’s Obsession with Control Produced China’s Protests. Foreign Policy, 28.11.2022. Available at: (accessed 17.01.2023).

2. Lindberg K.S. US Cuts Taiwan Transits Even as China Steps Up Military Pressure. Bloomberg, 07.01.2023. Available at: (accessed 20.01.2023).

3. Tadtaev G. China lifts quarantine for travelers three years after the start of the pandemic. RBK, 26.12.2022. (In Russ.) Available at: (accessed 20.01.2023).

4. Farge E. China reports big jump in COVID hospitalisations – WHO. Reuters, 20.01.2023. Available at: (accessed 02.02.2023).

5. De Guzman Ch. Marcos Jr. Heads to Beijing to Shift Philippines’ Relationship with China to “Higher Gear”. Time, 03.01.2023. Available at: (accessed 02.02.2023).

6. Ji S., Ni H., Liu Y. Ending the “Golden Age” of China? ‘Brexit’ pain leaves Britain disoriented. China Daily, 07.12.2022. (In Chin.) Available at: (accessed 02.01.2023).

7. Magnier M. Qin Gang, China’s ambassador to US and a long-time Xi loyalist, poised to lead foreign ministry. South China Morning Post, 04.11.2022. Available at: (accessed 05.01.2023).

8. Gang Qin. How China Sees the World. The National Interest, 26.12.2022. Available at: (accessed 12.01.2023).

9. Kynge J., Yu S., Liu X. Xi Jinping’s plan to reset China’s economy and win back friends. Financial Times, 10.01.2023. Available at: (accessed 15.02.2023).

10. Tkachev I. Russia’s trade with China reaches a record. RBK, 13.01.2023. (In Russ.) Available at: (accessed 15.01.2023).

11. Bermingham F. Belgium prime minister cautions against treating China as if it is another Russia. South China Morning Post, 28.06.2022. Available at: (accessed 18.11.2022).

12. Brunnstrom D., Alper A., Martina M. U.S. says it has agreed Pacific Islands partnership, offering “big dollar” aid. Reuters, 28.09.2022. Available at: (accessed 05.01.2023).


1. National Economy Withstood Pressure and Reached a New Level in 2022. National Bureau of Statistics of China. 17.01.2023. Available at:,last%20year%20at%20constant%20prices (accessed 10.02.2023).

2. Full text of the report to the 20th National Congress of the Communist Party of China. Ministry of Foreign Affairs of People’s Republic of China. 25.10.2022. (In Russ.) Available at: (accessed 23.01.2023).

3. Xinhuanet reporter Liu Jiawen has learned that Hu Jintao insisted on attending the closing session of the Party’s 20th National Congress, despite the fact that he has been taking time to recuperate recently. China Xinhua News, 22.10.2022. Available at: (accessed 17.01.2023).

4. Second instance criminal verdict in the Bo Xilai case of bribery, embezzlement and abuse of power. The Supreme People’s Court of the People’s Republic of China. 29.01.2014. (In Chin.) Available at: (accessed 17.12.2022).

5. Communique of the Seventh Plenary Session of the 19th Central Committee of the Communist Party of China. 12.10.2022. (In Chin.) Available at: (accessed 02.01.2023).

6. NATO pivots to highlight Chinese “challenges” for 1st time. Asahi, 30.06.2022. Available at: (accessed 15.12.2022).

For citation:
Mikheev V., Lukonin S. Crisis-Containing Factors of the PRCs Development . World Eonomy and International Relations, 2023, vol. 67, no. 5, pp. 24-33. EDN: VMQECO

Comments (0)

No comments

Add comment






Dear authors! Please note that in the VAK List of peer-reviewed scientific journals, in which the main scientific results of dissertations for the degree of candidate and doctor of sciences should be published for the “MEMO Journal” the following specialties are recorded:
economic sciences:
5.2.5. World Economy.
5.2.1. Economic Theory
5.2.3. Regional and Branch Economics
political sciences:
5.5.4. International Relations
5.5.1. History and Theory of Politics
5.5.2. Political Institutions, Processes, Technologies


Current Issue
2024, vol. 68, No. 7
Topical Themes of the Issue:
  • The Supporting Structure of Global Security
  • Institutional Features of the Fourth Energy Transition
  • The Evolution of Modern German Christian Democracy
  • The Monarchies of the Persian Gulf and Central Asia
Submit an Article
The Editorial Board invites authors to write analytical articles on the following topics:
  • changes in the processes of globalization in modern conditions
  • formation of the new world order
  • shifts in civilization at the stage of transition to a digital society

The editors are also interested in publishing synthesis articles / scientific reviews revealing the main trends in the development of certain regions of the world - Latin America, Africa, South Asia, etc.