espEconomy: strategy and practiceEconomy: strategy and practice1997-99672663-550XИнститут экономики10.51176/1997-9967-2022-4-112-124esp-884Research ArticleЭКОНОМИКА, ЭКОНОМИЧЕСКАЯ ТЕОРИЯ И ЭКОНОМИЧЕСКИЙ РОСТECONOMY, ECONOMIC THEORY AND ECONOMIC GROWTH«Запад» и «Восток» в мировой экономической системе: формирование новой биполярности“West” and “East” in the Global Economic System: Facing a New Bipolarityhttps://orcid.org/0000-0001-9459-357XИсаеваГ.IssayevaG.

Исаева Г. – к.э.н., ассоциированный профессор, доцент кафедры финансов

пр. Тауке хана, 5, 160000, Шымкент

87783717664

Gulmira Issayeva – Candidate of Economic Sciences, Associate Professor of Chair of Finance

5 Tauke khan ave., 160000, Shymkent

87783717664

gulmira_issaeva@mail.ruhttps://orcid.org/0000-0001-7363-8214ЖусиповаЭ.ZhussipovaE.

Жусипова Э. – PhD, старший преподаватель кафедры финансов

Шымкент

Elmira Zhussipova - PhD, Senior Lecturer of Chair of Finance

Shymkent

elmira_zhusipova@mail.ruhttps://orcid.org/0000-0002-6054-6510ФилинС.FilinS.

Филин С. – д.э.н., доцент, профессор кафедры организации и управления инновациями

Москва

Sergei Filin - Doctor of Economic Sciences, Associate Professor, Professor of the Chair of Organizational andManagement Innovations, Faculty of Management

Moscow

filin.sa@rea.ruhttps://orcid.org/0000-0002-1907-8591АйтымбетоваА.AitymbetovaA.

Айтымбетова А. – к.э.н., ассоциированный профессор, заведующая кафедрой “Финансы”

Шымкент

Ainura Aitymbetova - Candidate of Economic Sciences, Associate Professor/Chair, Finance department

Shymkent

a-ainura.81@mail.ruhttps://orcid.org/0000-0001-5152-0688БигельдиеваЗ.BigeldiyevaZ.

Бигельдиева З. – к.э.н., доцент кафедры финансов

Шымкент

Zarema Bigeldiyeva - Candidate of Economic Sciences, Associate Professor of Chair of Finance

Shymkent

zaremavip@mail.ruЮжно-Казахстанский университет им. М. АуэзоваКазахстанМ. Auezov South Kazakhstan UniversityKazakhstanРоссийский экономический университет им. Г.В. ПлехановаРоссияPlekhanov Russian University of EconomicsRussian Federation202231122022174112124Copyright © Исаева Г., Жусипова Э., Филин С., Айтымбетова А., Бигельдиева З., 20222022Исаева Г., Жусипова Э., Филин С., Айтымбетова А., Бигельдиева З.Issayeva G., Zhussipova E., Filin S., Aitymbetova A., Bigeldiyeva Z.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://esp.ieconom.kz/jour/article/view/884

В настоящее время наблюдается усиление глобального экономического кризиса на фоне неэффективных действий международных организаций и отдельных государств. Наблюдается изменение баланса в мировой экономике, однополярная экономическая система сменяется биполярной системой, которая условно разделяет мир на запад (США) и восток (Китай). В этой связи, актульным становится проблема экономического противостояния двух держав, и сглаживания дисбаланса в мировой экономике в связи с крушением монополярного мироустройства. Данное научное исследование посвящено анализу соответствия китайской экономики всем характеристикам лидера в противовес экономике США. С этой целью исследованы проблемы конкурентоспособности китайской финансовой системы, степень интегрированности юаня в международный финансовый рынок. На основе кейс-стади было проанализировано развитие китайского финансового рынка в сравнении с США. Проведенный анализ показал, что роль юаня в международных расчетах незначительна, и составляет около 4,3% от общего оборота. Кроме этого, юань не используется широко как мировая резервная валюта, хотя входит в корзину SDR (Специальных прав заимствования). На основе исследования были сделаны выводы, что без свободно конвертируемости юаня и введения режима свободного плавания, финансовая система Китая не может конкурировать с США. Соответственно, в настоящее время Китай не может считаться полноценным вторым полюсом в глобальной экономической системе.

The global economic crisis intensifies against the backdrop of inefficient actions of international organizations and individual states. As a result, there is a change in the balance of the world economy. The unipolar economic system is being replaced by a bipolar system that divides the world into the West (USA) and the East (China). In this regard, the problem of economic confrontation between the two powers and smoothing out the imbalance in the world economy due to the collapse of the monopolar world order becomes a relevant problem. This study is devoted to the analysis of the compliance of the Chinese economy with all the characteristics of a leader compared with the US economy. For this purpose, the problem of the competitiveness of the Chinese financial system has been studied. Based on the case study, the development of the Chinese financial market was analyzed in comparison with the US. The main finding is that the role of the Yuan in the international exchange market is insignificant and accounts for 4.3% of the total turnover. In addition, the Yuan is not widely used globally as a reserve currency, although the Yuan has been included in the SDR basket. The general conclusion is that without a freely convertible Yuan and free float, China’s financial system will not be able to compete with the US. Accordingly, China will not be able to become a full-fledged second pole in the global economic system.

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The authors declare that there are no conflicts of interest present.