China’s rise, weaponised interdependence and the increasingly contested geographies of global finance

In recent decades, scholars have investigated China's rise within the global financial system – from identifying China's different state-market configurations, to understanding its controlled financial opening and entanglements with the neoliberal, US-dominated global financial order. The recent geoeconomic turn, however, has fundamentally changed the macro-context of this development. Largely in response to China's rise, the US started weaponising finance, upending key trends and reshuffling actor constellations: within China, in private finance, in non-Western countries and in the West itself. To understand China's emerging global role, we need to explore this new geopolitical context and how it reshapes global financial geographies.