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Treatise on China's Clandestine Financial Warfare: China's Intelligence Community and the Communist Party As Key Players in Geofinance in the 21st Century

Treatise on China's Clandestine Financial Warfare: China's Intelligence Community and the Communist Party As Key Players in Geofinance in the 21st Century

          
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About the Book

Military might is no longer the end-all, be-all. While financial warfare is an unexplored frontier, truthfully, it is also a grim-sounding term. It involves the deliberate efforts of weakening the financial system underlying the domestic economy of aa target country. The financial infrastructure of a country can be weakened through the form of well-known sanctions or exclusion from international financial organizations and intermediaries. It can also take place by means of, for example, currency devaluation, which must involve at least one other nation-player that is poised on either the winning or the losing side. In addition, some insider trading schemes carry the mark of deliberate attack perpetrated by agents in another country. In today's realm, national security embodies far more than physical borders and is far less straightforward than eyeing the perimeter for invaders. National security has become much more complicated, multifaceted, and can easily be compromised via nefarious infiltration of capital markets or clandestine activities aimed at disrupting critical components of a financial system.This book is about the financial weapons of war, their growing importance in China's national affairs, and the wide-ranging clandestine use of these weapons by the Communist Party of China with the support of the Chinese intelligence community. This book offers an early, broad examination of the realities of modern financial warfare as waged by China, both from a doctrinal, legal, and cultural perspective. This book descriptively and normatively explores the new financial theater of war, analyzes China's modern arsenal of financial weapons, highlights the role of the Communist Party of China and the Chinese intelligence community, and proposes key recommendations for current and future financial warfare.The Communist Party of China, through its government, has learned a lot from Sun Tzu's 'The Art of War', and one of his guiding principles revolve around '...subdue the enemy without fighting...'. Financial warfare is one of the tools of war in the arsenal of the Chinese to achieve just: gain control and influence across the world without resorting to military engagement. To that respect, the CPC has been flying quite low below the radar without paying enormous sums of money to concretize its ambitions. Not only did the Chinese authorities penetrate Western universities and research labs to subdue scientific and industrial secrets or carefully took control of critical shipping routes (cf. using the COSCO shipping company) around the globe, but they also in a stealth way pioneered the creation of a Chinese-led global financial system that gradually aims to become an alternative to the U.S.-sponsored one. Look at the CIPS (i.e., Cross-Border Interbank Payment System) clearing and settlement platform as an alternative to SWIFT. What about the establishment of the AIIB (cf. Asian Infrastructure Investment Bank) as a regional multilateral counterweight to the World Bank and the Asian Development Bank? Or, the creation of Chinese renminbi-denominated oil futures? The rapid expansion of Chinese banks on a global level?Today's geopolitical rivalry is too much focused on the symbiosis between the military and technology. However, this is a weakness as great power rivalry is much more than merely in military terms. The geopolitical doctrine needs to evolve from that perspective and embrace non-military tools that can also be leveraged to weaken a geopolitical rival. Thus, one has to consider the wider picture of geostrategy: not only in military terms but also in terms of global finance. In other words, a country's vulnerability is not only measured in military terms, but also in terms of economics, finance, or networks. This book aims to look at the aspect of global finance used as a financial warfare tool for global supremacy by the Chinese state, and, in particular, their intelligence community.


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Product Details
  • ISBN-13: 9781734184112
  • Publisher: Value4Risk LLC
  • Publisher Imprint: Value4risk LLC
  • Height: 229 mm
  • No of Pages: 592
  • Spine Width: 39 mm
  • Width: 152 mm
  • ISBN-10: 1734184116
  • Publisher Date: 13 Aug 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 1087 gr


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Treatise on China's Clandestine Financial Warfare: China's Intelligence Community and the Communist Party As Key Players in Geofinance in the 21st Century
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