China’s Approach to the Institutionalization of Trilateral Economic Cooperation

Abstract

In 2019, Trilateral Cooperation celebrated its 20th anniversary. As China, Japan and South Korea are close trade partners, economic cooperation is a focal point in Trilateral Cooperation. This paper endeavours to examine and explain China’s approach towards the institutionalization of trilateral economic cooperation from 1999 to 2019. The findings indicate that China was supportive towards institutionalizing trilateral economic cooperation, but it was less proactive in recent years. This is explained by two factors, namely, (a) the declining economic interdependence between China and other member states and (b) the shift in China’s regional strategy with the introduction of new regional initiatives by China, especially the Belt and Road Initiative. The findings of this study cast doubt on the critical juncture approach and the alternative explanation on balancing which perceives China’s participation in Trilateral Cooperation primarily through the lens of Sino-US relations.