Helps the United States and the rest of the world better comprehend the facts and dynamics underpinning China's rise. This book analyzes the data on China's economy, foreign and domestic policy, and national security.

Where the last three decades of the 20th century witnessed a China rising on to the global economic stage, the first three decades of the 21st century are almost certain to bring with them the completion of that rise, not only in economic, but also political and geopolitical terms. China's integration into the global economy has brought one-fifth of the global population into the world trading system, which has increased global market potential and integration to an unprecedented level. The increased scale and depth of international specialisation propelled by an enlarged world market has offered new opportunities to boost world production, trade and consumption; with the potential for increasing the welfare of all the countries involved. However, China's integration into the global economy has forced a worldwide reallocation of economic activities. This has increased various kinds of friction in China's trading and political relations with others, as well as generating several globally significant externalities. Finding ways to accommodate China's rise in a way that ensures the future stability and prosperity of the world economy and polity is probably the most important task facing the world community in the first half of the 21st century. The book delves into these issues to reflect upon the wide range of opportunities and challenges that have emerged in the context of a rising China.

Despite the growing internal social unrest and disparity of economic development, the People’s Republic of China is the third largest world economy and the second largest defense spender. Showing no clear signs of slowing down, China’s rise is seen as both an opportunity and a challenge by the major world powers. This book examines every aspect of Beijing's strategies, ranging from political, economic and social challenges, to the Taiwan and Hong Kong issues, to the implications of these strategies in terms of China's place within the Asia Pacific, and indeed within the world system. Written by a stellar line-up of international contributors the book will appeal to students and scholars of Chinese politics, foreign policy, political economy and social policy, and China-watchers alike.

The phenomenal growth of Chinese economic and military power in the first decade of the 21st century has drawn world-wide attention. Perceptions of China's rise have shifted from seeing China as a threat to a more mixed view, where China is seen as playing a key role in economic recovery, taking an increasingly responsible role in world affairs, and contributing significantly to scientific and technological advances. This book argues that China will only become a truly global power when its rising power status is accepted, or at least tolerated, by other major powers and China’s neighbours. Filling a major gap in the existing literature, it presents a comprehensive overview of how China's rise is perceived in a wide range of countries and regions – these include China's neighbours, other world powers, the parts of China not part of mainland China - Taiwan, Hong Kong and Macau - and regions of the world where China is having an unexpected impact, such as the Middle East. It also examines changing perceptions of China in the western media. Overall, the book demonstrates that whilst many countries and regions are much more positive about China's rise than they were before, considerable nervousness and concern persists.

When the "fifth generation" of Communist Party leaders in China assumed top political positions in 2012-2013, they took the helm of a country that has achieved remarkable economic growth, political stability, and international influence. Yet China today confronts challenges at least as daunting as any it has faced since the reform era began in the late 1970s. In November 2013, the Chinese Communist Party's Central Committee announced ambitious reforms to address vital issues, such as giving market forces a "decisive role" in the economy, strengthening the social safety net, assigning greater weight to factors other than economic growth and social order in evaluating local officials, promoting urbanization, and relaxing the "one child" policy. China's Challenges brings together fourteen experts on China's social, economic, political, legal, and foreign affairs to examine some of the nation's pivotal policy issues. Their wide-ranging analyses cover economic and social inequality, internal migration and population control, imperatives to "rebalance" China's economy toward domestic demand and consumption, problems of official corruption, tensions between legal reform and social order, and the strained relationships with neighboring countries and the United States that stem from China's rising power, military modernization, enduring territorial disputes, and rising nationalism in domestic politics. This timely volume offers a broad and comprehensive look at the issues facing China today and lays the groundwork for understanding the shifts to come. How—and how well—China handles these challenges not only will define China's trajectory for years to come, but will have repercussions far beyond China's borders. Contributors: Yong Cai, Jacques deLisle, Jane Duckett, Andrew Erickson, M. Taylor Fravel, Avery Goldstein, Yasheng Huang, Zai Liang, Benjamin Liebman, Melanie Manion, Barry Naughton, Daniela Stockmann, Robert Sutter, Guohui Wang.

How will China reform its economy as it aspires to become the next economic superpower? It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world.

The book is covered under four chapters: - A) Rise of China B) China's Employment of Soft Power C) Strategic Capability and D) Regional Implications of China's Rise The book is based on the USI National Security Seminar with contributions from some of the well known experts on China from India & abroad. The contributors to the book are as follows:- Indian Shri M K Rasgotra Prof Srikant Kondapalli Shri Mohan Guruswamy Lt Gen V R Raghvan V Adm K K Nayar Rear Adm K R Menon Brig Subodh Kumar Shri Sujit Datta Shri Jayadeva Ranade, IPS Shri K Raghunath, IFS From Abroad Prof Zhang Guihong,China Lt Gen Masahiro Kunimi, Japan Ms Bethany Danyluk, USA Prof Aileen Baviera, Philippines Prof Han Hua, China Prof Michael Pillsbury, USDoD Mr Yung Sheng Chao, Taipei Lt Gen Takayoshi Ogawa, Japan Vice Admiral Hideaki Kaneda,Japan Prof Jaeho Hwang,Korea

This book describes and explains the grand strategy China's leaders have adopted to pursue their country's interests in the international system of the 21st century