David Dollar Talks China’s Role in the Global Economy at Paulson Institute

As China has developed into the largest provider of international financing in the world, much has been made about its role in the international institutions that support the developing world, including the World Bank and International Monetary Fund. With China’s role in the governance of these institutions limited by the West, Beijing has initiated it’s own international financing initiatives, including the Asian Infrastructure Investment Bank and the One Belt, One Road initiative, said David Dollar, senior fellow at the Brookings Institution’s John L. Thornton China Center. During his talk at the Paulson Institute’s Contemporary China Speakers Series, Dollar argued that these moves did not represent a fundamental challenge to the existing international economic institutions. Rather, he said, in this context China is “largely a ‘status-quo’ power.” Dollar also imparted his thoughts on where the Trump administration should focus its efforts to advance the US-China relationship in the coming months and years.