Abstracts

What’sNewabouttheUSDominanceinCyberspace?

LiYan

Abstract: The United States has long held the dominance of cyberspace because of its advantages in technological innovation, industry leading, and rulemaking. With the changes in the international strength structure, the competition for power in cyberspace has intensified, bringing unprecedented challenges to the dominance of the US in cyberspace. Especially in the context of the Sino-US strategic competition, cyberspace has become an important field for competition between the two sides. In order to continue to maintain cyberspace advantages and maximize national interests, the US government is adjusting its strategy. It has a profound impact on the future development and power structure of cyberspace.

Keywords: cyberspace, US, dominance

TheEuropeanStrategyinUS-ChinaDigitalTechnologyCompetition

QiuJing

Abstract: In the field of digital technology, Europe is currently in a relatively backward position, and it is difficult for it to compete with the United States and China in the short term. At the same time, Europe is in a dilemma amidst Sino-US technology competition and conflict. The EU and European countries have adopted countermeasures based on economic interests, national security and values. Europe is increasing its investments in digital technology, protecting the security of data, striving to promote a single European data space, and formulating influential rules based on European values. The European strategy has certain limitations. China needs to be aware of the situation and actively respond.

Keywords: Europe, China-US competition, China-EU relations, digital technology, technology sovereignty

“FinancialZombification”andItsTendencyintheUnitedStates

WangWen,JiaJinjingandCuiYizhe

Abstract: Since 2020, in order to deal with the serious impact of COVID-19 on the economy, the United States adopted fiscal and monetary stimulus policies to support economic recovery, but it accelerated the pace of “financial zombification” in the US. In fact, the long-term hollowing out of industry resulted in the decline of the industrial economy and the abnormal prosperity of the financial market in the United States. Meanwhile, this situation also led to the widening gap between the rich and the poor in the United States. The recent pandemic has accelerated the deterioration of the debt problem of the United States dramatically. It is difficult to effectively address the “financial zombification” problem in the US.

Keywords: financial zombification, US, debt problem

TrumpAdministration’sFreeTradeAgreementStrategyandItsImpact

KeJing

Abstract: Since Trump took office, he has continued to build a network of bilateral and small regional free trade zones centered on the United States, striving to make it a wide-ranging, two-tier free trade zone network over the World Trade Organization (WTO), and build a more “reciprocal” new global trade order that takes “America first” as an absolute principle. The system design is completely different from the current WTO, in which the developing members could enjoy a lighter level of obligations, aiming to rebalance the distribution of benefits in the international economic system. As the key target of Trump’s Free Trade Agreement strategy, China’s future development will also be hindered to some extent.

KeyWords: free trade agreement strategy, global trade order, Trump administration, world economy

AfricanEconomyinFaceofChallenges

ZhangZhongxiangandTaoTao

Abstract: Affected by the global economic recession and the falling commodity prices, African economic growth has slowed significantly from an average of 5% in the previous 10 years to about 3% since 2014. However, African economic growth rate is second only to Asia, and it is still the fastest growing region in the world. About six African countries often rank among the top 10 fastest-growing countries in the world. Currently, one-third of African countries have made positive progress in economic transformation, and a number of African countries such as Kenya and Rwanda have made new progress in digital economy. Of course, the African economy is challenged by risks such as the uncertainty of the world economy, an increase in debt burden, and the COVID-19. Looking forward to the future, the momentum of African rise and renaissance will not change, and it may even become a global manufacturing center and a new economic engine.

Keywords: African economy, COVID-19, economic transformation, inclusive growth, economic integration