New Order: China’s Challenge to the Global Financial System

by Daniel McDowell, World Politics Review

China is an economic titan, but until recently, its impressive rise had not been accompanied by a vision to reshape the global economic order. However, with the recent introduction of the Asian Infrastructure Investment Bank and the promotion of the yuan as a global currency, this is beginning to change.

Genres: China

14 pages, Kindle Edition

Published April 13, 2015

About the author

Daniel McDowell is the Maxwell Advisory Board Associate Professor of International Politics at the ​Maxwell School of Citizenship and Public Affairs at Syracuse University, a 2022-23 Wilson China Fellow, and a Nonresident Senior Fellow at the Atlantic Council's GeoEconomics Center. McDowell's research focuses on the international politics of money and finance, with an emphasis on the US and China in these arenas.

​McDowell's second book, Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar is now out. ​