COVID-19 POPULISM CHALLENGES AND CHINA’S FINANCIAL LAW RESPONSES: THREE EMERGING CASE SCENARIOS

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Published Mar 16, 2023
https://doi.org/10.21098/jcli.v2i1.27


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Vol. 2 No. 1 (2023)

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Wei Shen
Shanghai Jiao Tong University
Carrie Shu Shang
California State Polytechnic University, Pomona
Li Fang
Shanghai Jiao Tong University

Abstract

China’s increasing engagement in international governance has had significant ramifications in international rule-making and institutional build-up. The post-COVID-19 era has seen a rise of populism in China, as well as an elevation of China’s significance in international governance. This article offers a new perspective on China’s growing influence in the midst of resurgent populism, by focusing on three case scenarios: defending state liability in public health crisis lawsuits, championing financial multilateralism, and an emerging digital currency landscape. The argument made here is that China’s status as a rising power has led it to advocate for international rules, standards, and institutions in a de-Americanised and anti-populist manner.

Keywords: Global Public Health Crisis, Populism, Financial Aid, Public Goods, Financial Multilateralism

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