Edited by Ka Zeng
Chapter 18: The rise of a constrained power in international financial governance: An analysis of China–IMF collaboration
This chapter analyses China’s collaboration with the IMF since 1980, with the focus on a number of case studies, including China’s participation in IMF technical assistance programmes, IMF country surveillance for China, China’s attempt to weaken the US dominance in the international monetary system through the IMF, and the RMB’s entry into the SDR basket. Through assessing the determinants of the results of China–IMF collaboration, it argues that whereas China has gained great resources and influence in the international financial regime with the IMF’s assistance, its effort toward leadership in the regime encountered inevitable hurdles, especially those built by the US.
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