A Study On Myanmar’s Weak Hedging Strategy Towards China And Its Dilemma Since 2011

Hedging is a risk management strategy.Accompanying with China’s prominent rise worldwide since the 21 st century,neighboring countries generally face the "uncertain" risk of China’s rise.Hedging strategy has gradually become the best choice for neighboring countries to cope with China’s rise.More and more scholars believe that hedging is the strategy for neighboring countries to cope with China’s rise.Particularly,some countries in Southeast Asia are regarded as typical cases,which hold hedging strategies against China.Compared with other Southeast Asian countries in terms of hedging degree and conditions,Myanmar’s conditions of hedging against China are not sufficient and it cannot continue to hedge against China.It is trapped in the strategic dilemma of hedging against China and shows the characteristics of weak hedging.Among countries with weak hedges against China,Myanmar is a typical case of weak hedges against China strategy.Myanmar’s Political transformation since2011,its policy towards China has obvious characteristics of weak hedges.Therefore,this paper focuses on Myanmar’s weak hedging strategy against China and its dilemma.What factors limit these countries’ hedging against China?This dissertation contains four section.The first section sorts out the theoretical basis of international relations hedging study,expounds the basic concept of hedging strategy,introduces Cheng-Chwee Kuik’s hedging theory,and defines the concept,application,test conditions and influence of "weak hedging" in this study according to the "weak hedging" research in finance and international relations.The second section analyzes the implementation of Myanmar’s hedging strategy against China from 2011 to 2020 based on the domestic and foreign background of Myanmar since 2011,and examines whether there is "weak hedging" in Myanmar’s hedging strategy against China.The third section explores the strategic dilemma of Myanmar’s weak hedging against China from the perspectives of Myanmar’s external geopolitical and internal domestic vulnerability,together with its strategic deployment.Chapter Four demonstrates the influence of Myanmar’s weak hedging strategy against China on China and Myanmar and the beneficial enlightenment of China’s policy against Myanmar.The thesis concludes that Myanmar’s weak hedging strategy against China is aimed at hedging a series of risks associated with uncertain power relations,and is not deliberately aimed at China.China should correctly understand Myanmar’s weak hedging strategy against China and make reasonable policies towards Myanmar.Myanmar weaker hedge strategy in China despite the difficulties,and with the trend of fierce competition,the outbreak of the new champions league continued,instability in Myanmar,increasing difficulties,but Myanmar attaches great importance to the essence of self-reliance won’t change,once have operational hedge space,Myanmar will choose to continue to hedge,moderate the risk of rely on China.China still needs to work on developing and enhancing the correlation between China and Myanmar in all aspects,in all classes and interest groups with the depth of contacts,adopt diversified means to reduce the folk negative image cognition towards China,at the same time,increase investments in Myanmar project risk control ability and the mainstream social media monitoring of public opinion in China,to promote China and Myanmar friendly cooperation and maintain China’s long-term interests in Myanmar.