China’s recent rapid economic growth has drawn global attention to its foreign policy, which increasingly has had an impact on world politics. In contrast with China’s long-standing preference for bilateralism or unilateralism in foreign policy, recent decades have seen changes in the PRC’s attitude and in its declaratory and operational policies, with a trend toward the accepting and advocating of multilateralism in international affairs. Whilst China’s involvement has been primarily in the economic arena, for example, participation in the World Trade Organization and ASEAN Plus Three, it has more recently expanded into international security institutions, such as the Shanghai Cooperation Organization. This book records, analyzes, and attempts to conceptualize, this phenomenal development in Chinese foreign policy and its impact on international relations, with the emphasis on China’s active participation in multilaterally-oriented regional security regimes. Written by an impressive team of international scholars, this book is the first collective effort in the field of China studies and international relations to look at China’s recent turn to multilateralism in foreign affairs. It will appeal to students and scholars of Chinese politics and foreign policy, security studies and international relations.

"China's accession to the World Trade Organisation (WTO) in 2001 was hailed as the natural conclusion of a long march that started with the reforms introduced by Deng Xiaoping in the 1970s. However, China's participation in the WTO since joining has been anything but smooth, and its self-proclaimed "socialist market economy" system has alienated many of its global trading partners - as recent tensions with the United States exemplify. Prevailing diplomatic attitudes tend to focus on two diametrically opposing approaches to dealing with the emerging problems: the first is to demand that China completely overhaul its economic regime; the second is to stay idle and accept that the WTO must accommodate different economic regimes, no matter how idiosyncratic and incompatible. In this book, Mavroidis and Sapir propose a third approach. They point out that, while the WTO (as well as its predecessor, the General Agreement on Tariffs and Trade [GATT]) has previously managed the accession of socialist countries or of big trading nations, it has never before dealt with a country as large or as powerful as China. Therefore, in order to simultaneously uphold its core principles and accommodate China's unique geopolitical position, the authors argue that the WTO needs to translate some of its implicit legal understanding into explicit treaty language. Focusing on two core complaints - that Chinese state-owned enterprises (SOEs) benefit from unfair trade advantages, and that domestic companies (both private as well as SOEs) impose forced technology transfer on foreign companies as a condition for accessing the Chinese market - they lay out their specific proposals for successful legislative amendment"--.

By most accounts, China has quickly grown into the second largest economy in the world. In this controversial new book, Subramanian argues that China has already become the most economically dominant country in the world in terms of wealth, trade and finance. Its dominance and eclipsing of US global economic power is more imminent, more broad-based and larger in magnitude than anyone has anticipated. Subramanian compares the economic dominance of China with that of the two previous economic superpowers--the United States and the United Kingdom--and highlights similarities and differences. One corollary is that the fundamentals are strong for the Chinese currency to replace the dollar as the world's reserve currency. The final chapter forecasts how the international economic system is likely to evolve as a result of Chinese dominance.

Since the mid-1990s, the Chinese authorities have gradually come to embrace multilateralism to realize their basic foreign policy objectives in maintaining a peaceful international environment and enhancing China's international status and influence. This embrace is largely based on pragmatic considerations. There is no denial, however, that elements of liberalism and constructivism gradually enter into the considerations of Chinese leaders. They accept, for example, that non-traditional security issues can only be tackled through genuine multilateralism. This volume carefully examines China's increased participation in multilateral organizations and mechanisms and its efforts to initiate and develop its own discourses on global affairs straddling Asia, the Middle East, Africa and the Latin American continents. China's presence in international multilateral organizations has been providing developing countries a better chance to maintain a balance of power. Since China has no ambitious plan to transform the existing international order, its increasing enthusiastic engagement of multilateralism is likely to be accepted by the international community.

In the 1990s there was a wave of multilateralism in the Asia Pacific, led primarily by ASEAN. Since the Global Financial Crisis of 2008, however, many non-ASEAN states have attempted to seize the initiative, including the USA, Japan, China, South Korea, and Australia. Kai He and his contributors debate the reasons for this contested multilateralism and the impacts it will have on the region’s security and political challenges. Will the "Indo-Pacific turn" be a blessing or a curse for regional stability and prosperity? Using a diverse range of theoretical and empirical perspectives, these leading scholars contribute views on this question and on the diverse strategies of the great and middle powers in the region. This collection will be of great interest to scholars and students of international relations in the Asia Pacific and of great value to policy makers in the region and beyond.

This landmark study provides an integrated analysis of China's unexpected economic boom of the past three decades. The authors combine deep China expertise with broad disciplinary knowledge to explain China's remarkable combination of high-speed growth and deeply flawed institutions. Their work exposes the mechanisms underpinning the origin and expansion of China's great boom. Penetrating studies track the rise of Chinese capabilities in manufacturing and in research and development. The editors probe both achievements and weaknesses across many sectors, including China's fiscal, legal, and financial institutions. The book shows how an intricate minuet combining China's political system with sectorial development, globalization, resource transfers across geographic and economic space, and partial system reform delivered an astonishing and unprecedented growth spurt.

Applying insights from cutting-edge theories of international cooperation, this study brings new understanding to China's approach to contemporary global challenges.