Auteur de la note

Amelia Zajączkowska

Amelia Zajączkowska is a Brussels-based professional working in EU public affairs, focusing on financial-services policy. She previously gained experience at the European Securities and Markets Authority (ESMA) in Paris and at the European Parliament’s Secretariat of the Committee on Budgets. She holds a Master’s degree in International Political Economy from the University of Groningen and a Bachelor’s in Chinese Studies from the University of Warsaw. Her interests centre on EU–China relations, particularly in the fields of financial services and economic governance, and more broadly on the interplay between finance, regulation, and global power dynamics.

Autres analyses

Taiwan cooking oil scandal: Why Isn’t Beijing Adding Fuel to the Fire? • Isabelle Feng

In this new piece, Isabelle Feng looks back at the tainted cooking oil scandal that has affected Taiwan for several weeks, and at Beijing’s measured response to the affair. She examines the protests held in Taipei on 25 July, the coverage of the event by Chinese state media, and reactions observed on Chinese social media. She puts this episode in perspective alongside the history of food safety scandals in mainland China and the question of freedom to protest on both sides of the Taiwan Strait.

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Financial Soft Power? Perceptions of Capital Account Liberalisation in China • Amelia Zajączkowska

Financial Soft Power? Perceptions of Capital Account Liberalisation in China • Amelia Zajączkowska | fourth prize of Prix Asia Centre

Amelia Zajączkowska was awarded fourth prize of Prix Asia Centre for its essay “Financial Soft Power? Perceptions of Capital Account Liberalisation in China”.

Find the full essay via the PDF button above.

Since the launch of the Reform and Opening-up policy in 1978, China has undergone a dramatic transformation marked by spectacular economic growth. This shift has led to extensive academic and policy interest in the factors driving China’s economic influence and their consequences. Nevertheless, one crucial aspect remains relatively unexplored – the shifting nature of China’s financial system. China’s cautious yet intentional progress towards financial liberalisation, and notably opening its capital account, has not received much attention from scholars studying global perceptions of China and the country’s global positioning. The importance of China’s financial reforms is even more pertinent in the current geopolitical context characterised by revived isolationism and economic fragmentation. Therefore, this essay presents an initial analysis of how China’s developing financial services strategy, particularly its selective liberalisation of portfolio investment channels, influences global perceptions of China’s economic role. In doing so, this essay examines if and how financial policy may be strategically deployed as a form of soft power in times of a changing geopolitical environment and increasing global competition.

Essay summary:

  • Financial policy through a “soft power” lens
  • Capital account liberalisation
  • Chinese reforms post-COVID-19
  • Global perceptions of China’s capital account liberalisation

 

Financial Soft Power? Perceptions of Capital Account Liberalisation in China

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