Various analysts state that China created the Belt and Road Initiative as a geostrategic effort to take a larger role in global affairs, and undermine what the Communist Party perceives as American hegemony. It has also been argued that China co-founded the Asian Infrastructure Investment Bank and New Development Bank to compete with the World Bank and the International Monetary Fund in development finance. According to Bobo Lo, the Shanghai Cooperation Organization has been advertised as a "political organization of a new type" claimed to transcend geopolitics. Political scientist Pak Nung Wong says that a major form of geopolitics between the US and China includes cybersecurity competition, policy regulations regarding technology standards and social media platforms, and traditional and non-traditional forms of espionage.
Various analysts state that China created the Belt and Road Initiative as a geostrategic effort to take a larger role in global affairs and undermine what the Communist Party perceives as American hegemony It has also been argued that China co-founded the Asian Infrastructure Investment Bank and New Development Bank to compete with the World Bank and the International Monetary Fund in development finance According to Bobo Lo the Shanghai Cooperation Organization has been advertised as a "political organization of a new type" claimed to transcend geopolitics Political scientist Pak Nung Wong says that a major form of geopolitics between the US and China includes cybersecurity competition policy regulations regarding technology standards and social media platforms and traditional and non-traditional forms of espionage