Academic Journal of Business & Management, 2023, 5(18); doi: 10.25236/AJBM.2023.051802.
Jianfeng Cheng
Lyceum the Philippines University, Manila Campus in the Philippines, Muralla St, Intramuros, Manila, Metro Manila, 1002, Philippines
Taking the 2008 international financial crisis as the boundary, China has gradually changed from a passive recipient of international financial governance to an active implementer of institutional reform, by degrees entered the core of the international financial governance system, and become an active promoter of reform. At the same time, the reform of the international financial system has shown new trends such as enhancing the voice and representation of developing countries and improving the global financial system, and the globalization of RMB has become an important force to promote the reform of international financial institutions. China ought to shoulder the responsibilities of a major country, build a new type of international relations, improve the global financial governance system for a long time, promote global development, create diversified global finance, develop new global financial institutions to implement international financial governance projects, improve the local financial market and provide international financial talents, do a good job in supporting it, and continue to improve the “mutual benefit and win-win” system of the global economy.
International financial governance; Institutional change; Win-win cooperation; China’s participation
Jianfeng Cheng. China’s Participation in International Financial Governance Strategies in the Context of Globalization. Academic Journal of Business & Management (2023) Vol. 5, Issue 18: 7-12. https://doi.org/10.25236/AJBM.2023.051802.
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