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Vol.2 (2025) Iss. 1 / 2
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U.S. Arctic Situational Awareness Capacity-Building: Motivations, Paths and Its Implications for China’s Promotion of the “Polar Silk Road”

Bo Yang1,*

1 Institute of International Relations, China Foreign Affairs University, Beijing, China
* Correspondence: Bo Yang, E-mail: yangbo0321@163.com
 
J. Int. Eco. Glo. Gov., 2025, 2(1), 89-103; https://doi.org/10.12414/jiegg.250439
Received : 05 Nov 2024 / Revised : 19 Nov 2024 / Accepted : 05 Dec 2024 / Published : 25 Feb 2025
© The Author(s). Published by MOSP. This is an open access article under the CC BY-NC license.
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Abstract
 
The process of internationalization of China's banking industry began in 1917. After ahundred years of development, China's banking internationalization has made great achievements. However, there is still a big gap between China's banking industryandthe financial institutions in some developed countries in the fieldof internationalization. In the process of internationalization, China's banking industryare now still facing the dilemma of backward development concept, lack of effectiverisk control system and international talents. This thesis mainly introduces the history, present situation and difficulties of the internationalization of China's bankingindustry. The first part gives a description to the history of the internationalizationof China's banking industry, which starts in the year of 1917. An analysis of the current situation of China's banking industry' internationalization is given in the secondpart of this article. And the third part summarizes the difficulties that are faced by China's banking industry.

As the United States increasingly identifies the Arctic region as a strategic area of competition, there is a corresponding emphasis on developing situational awareness capabilities in the region. The United States' motivations for enhancing its situational awareness in the Arctic include the opportunity of climate change, the implications of great power competition and geopolitics, and the necessity of ensuring security in the region. The United States' practical paths to developing Arctic situational awareness capabilities entails collaboration with private enterprises and academic institutions, internal mechanism coordination, C5ISR capability building, joint promotion with allies, and the advancement of AI technology. China has made significant contributions to the Arctic region in three key areas: these include the governance of the Arctic, scientific exploration, and economic development. In promoting the “Polar Silk Road", China can learn from the experience of the United States, enhance its knowledge of the Arctic environment through technological empowerment, strengthen international cooperation with Arctic countries, actively participate in Arctic governance, and strengthen its basic capabilities to cope with geopolitical competition. Against the backdrop of Trump's return, China needs to prepare for geopolitical changes, maintain flexibility and strategic certainty, and contribute China's strength to peace, stability, and sustainable development in the Arctic.

 
Keywords: American Arctic Strategy, Situational Awareness, Arctic Governance, Polar Silk Road
 
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Funding

    None.

Conflicts of Interest:

    The authors declare that they have no conflicts of interest to report regarding the present study.

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© The Author(s). Published by MOSP. 
This is an open access article under the CC BY-NC license.

Yang, B. U.S. Arctic Situational Awareness Capacity-Building: Motivations, Paths and Its Implications for China’s Promotion of the “Polar Silk Road”. Journal of International Economy and Global Governance 2025, 2 (1), 89-103. https://doi.org/10.12414/jiegg.250439.

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