Beijing Consensus as the ideological foundation of the domestic and foreign policy of the People's Republic of China

The aim of this paper is a theoretical study of the phenomenon of the Beijing Consensus as the basic conceptual model of China’s socio-economic development, which serves as an alternative to Anglo-Saxon liberal capitalism. The object of the research is the political and economic development of the People's Republic of China. The subject of research is the value-conceptual foundations and political characteristics of the Chinese development model. The authors have implemented dialectical and systemic approaches that allowed for a coherent and comprehensive presentation of the features of the Chinese development model known as the Beijing Consensus, which combines Confucian authoritarianism with elements of a market economy. The research is based on the principles and methods of comparative-historical analysis, statistical analysis, content analysis, critical conceptual analysis, and institutional analysis. The authors present the evolution of China's socio-economic development. It is justified that the foundation of the country's economic growth has been, on one hand, very progressive and pragmatic reforms implemented since the late 1970s (as opposed to the "shock therapy" carried out in Eastern European countries and the states formed after the collapse of the USSR); on the other hand, the policy of expanding exports and attracting foreign direct investment. China has created a new development model based on its own traditions and culture. The Beijing Consensus is a counter-model to the Washington Consensus and implies the use of market instruments only when they can ensure dynamic economic development. At the same time, China's leadership focuses on creating asymmetric power in relations with the United States in order to convert the country's economic weight into geopolitical dominance. The number of proposals for strategic partnerships in Asia, Africa, and Latin America is increasing. The reconstruction of the Great Silk Road since 2013 represents a comprehensive strategy to transform China into a leading world power.

Chinese model of development, Beijing Consensus, liberal model of development, foreign policy strategy, socio-economic development, Washington Consensus, asymmetric power, Chinese socialism, Confucian traditions, soft power strategy