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Abstract
China’s engagement with global capitalism is driven by the emergence of a statist and private transnational capitalist class. Nevertheless, aspects of China’s foreign policy from the Maoist period still echo today. Consequently, elements of third world solidarity and opposition to Western domination continue to exist as China’s past is redefined to further its transnational strategies in Latin America and the US. The main Chinese investments in South America have been in energy and infrastructure among the left lead countries of the Pink Tide. In the US, Chinese capital has grown despite heated political rhetoric. This paper will examine how economic ties in South and North America reflect past and present conditions, and if China has initiated a non-Western globalisation.
Disclosure statement
No potential conflict of interest was reported by the author.
Notes on Contributor
Jerry Harris is a founder and National Secretary of the Global Studies Association of North America and a founding member and International Executive Board member of the Network for the Critical Study of Global Capitalism. His research has focused on the political economy of global capitalism and transnational capitalist class analysis. His books include: Global Capitalism and the Crisis of Democracy; The Dialectics of Globalization: Economic and Political Conflict in a Transnational World; and with Carl Davidson, CyberRadicalism: A New Left for a Global Age. He was the Latin American correspondent for the US Guardian, and has written for numerous journals and newspapers. He is on the editorial boards of “Globalizations” and “International Critical Thought”. His work has been translated into Chinese, German, Spanish, Czech and Slovak.
Notes
1 Mutual respect for each other's territorial integrity and sovereignty, mutual non-aggression, non-interference in each other's internal affairs, equality and mutual benefit , and peaceful co-existence.
1 Harris, “Statism and the Transnational,” 21–39.
2 Marx, “The Eighteenth Brumaire.”
3 Zhang, “Chinese Capitalism and the Maritime Silk Road.”
4 Marx, “The Eighteenth Brumaire.”
5 Porter and Russell, “It’s an Unequal World.”
6 Zhang, “Chinese Capitalism and the Maritime Silk Road.”
7 Yafei, “Globalization isn’t Doomed.”
8 Dollar, “China’s Investment in Latin America.”
9 Ibid., 3.
10 Hausmann, “Don’t Fear the IMF.”
11 Ibid., 19.
12 Ibid., 4.
13 13 Harris, “Who Leads Global Capitalism?”
14 Xu and Gallagher, “Leading from the South.”
15 Ibid., 7.
16 Koening, “Amazon Threatened by China-Ecuador.”
17 Ray and Gallagher, “China-Latin America Economic Bulletin 2017.”
18 Myers, Gallagher, and Yuan, “Chinese Finance to LAC.”
19 Ray, “China-Latin America Economic Bulletin 2018.”
20 Capurro, “Donald Trump’s Trade Policy.”
21 Soutar, “Book.”
22 Koop, “China’s Impressive Stake.”
23 Ibid.
24 Ray, Gallagher, and Sarmiento, “China-Latin America Economic Bulletin 2016.”
25 Dussel Peters and Ortiz Velázquez, Monitor of China’s OFDI.
26 26 Harris, "Emerging Third World Powers."
27 Ray, “China-Latin America Economic Bulletin 2018.”
28 Wu and Lyons, “China’s State Grid Eyes.”
29 Preliminary Offering Memorandum, “State Grid Overseas Investment.”
30 Chan, “Gold Medal for Buying.”
31 Frank, “China Piles into Cuba.”
32 Ray and Gallagher. “China-Latin America Economic Bulletin 2017.”
33 Rhodium Group, “Chinese Investment Monitor.”
34 Hanemann and Rosen, “Chinese FDI in the US in 2017.”
35 Hanemann, “Testimony before the US-China.”
36 National Committee on US-China Relations and Rhodium Group, “New Neighbors: 2016 Update.”
37 Ibid.
38 South China Morning Post, “China’s Sovereign Wealth Fund.”
39 Xinhua, “China’s Outbound Portfolio Investment.”
40 Harris, Global Capitalism and Crisis, 205.
41 Wikipedia, “Hony Capital.”
42 Dollar, “China’s Investment in Latin.”
43 Carroll, The Making of a Transnational.
44 Xinhua, “Statistics Show Close US-China.”
45 Ibid.
46 Harris, “Statist Globalization in China,” 6–7.