Instead of emphasizing China as a developing country, Chinese President Xi Jinping has identified China as a big power and accentuated China’s big power status. This book explores the narratives and driving forces behind China's big power ambition. Three narratives rooted in Sino-centralism are examined. One is China’s demands for the reform of global governance to reflect the values and interests of China as a rising power. Another is China’s Belt and Road Initiative to construct a nascent China-centred world order. The third is the China model and self-image promotion in the developing countries. There are many forces that have driven or constrained China’s big power ambition. This collection focuses on two sets of forces. One is China’s domestic politics and economic incentives and disincentives. The other is China’s geo-political and geo-economic interests. These forces have both motivated and constrained China’s big power ambition. The chapters in this book were originally published in the Journal of Contemporary China.

Instead of emphasizing China as a developing country, Chinese President Xi Jinping has identified China as a big power and accentuated China’s big power status. This book explores the narratives and driving forces behind China's big power ambition. Three narratives rooted in Sino-centralism are examined. One is China’s demands for the reform of global governance to reflect the values and interests of China as a rising power. Another is China’s Belt and Road Initiative to construct a nascent China-centred world order. The third is the China model and self-image promotion in the developing countries. There are many forces that have driven or constrained China’s big power ambition. This collection focuses on two sets of forces. One is China’s domestic politics and economic incentives and disincentives. The other is China’s geo-political and geo-economic interests. These forces have both motivated and constrained China’s big power ambition. The chapters in this book were originally published in the Journal of Contemporary China.

This collection focuses on two sets of forces. One is China's domestic politics and economic incentives and disincentives. The other is China's geo-political and geo-economic interests. These forces have both motivated and constrained China's big power ambition.

In The Third Revolution, Elizabeth Economy, one of America's leading China scholars, provides an authoritative overview of contemporary China that makes sense of all of the seeming inconsistencies and ambiguities in its policies and actions.

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.

China’s future role on the global stage hinges upon a mixture of strengths and weaknesses. Beijing’s meteoric rise in economic terms has been coupled with increasing military expenditures and a more assertive foreign policy stance. But the country is also facing a potential backlash, exemplified by protests in Hong Kong.This Report sets out to explore some of the key aspects of China’s regional and global foreign policy. It analyses the core tenets that motivate and shape China’s preferences, ideals, and actions, and explores how they interact with its partners, allies, and rivals.

The global implications of China's rise as a global actor In 2005, a senior official in the George W. Bush administration expressed the hope that China would emerge as a “responsible stakeholder” on the world stage. A dozen years later, the Trump administration dramatically shifted course, instead calling China a “strategic competitor” whose actions routinely threaten U.S. interests. Both assessments reflected an underlying truth: China is no longer just a “rising” power. It has emerged as a truly global actor, both economically and militarily. Every day its actions affect nearly every region and every major issue, from climate change to trade, from conflict in troubled lands to competition over rules that will govern the uses of emerging technologies. To better address the implications of China's new status, both for American policy and for the broader international order, Brookings scholars conducted research over the past two years, culminating in a project: Global China: Assessing China's Growing Role in the World. The project is intended to furnish policy makers and the public with hard facts and deep insights for understanding China's regional and global ambitions. The initiative draws not only on Brookings's deep bench of China and East Asia experts, but also on the tremendous breadth of the institution's security, strategy, regional studies, technological, and economic development experts. Areas of focus include the evolution of China's domestic institutions; great power relations; the emergence of critical technologies; Asian security; China's influence in key regions beyond Asia; and China's impact on global governance and norms. Global China: Assessing China's Growing Role in the World provides the most current, broad-scope, and fact-based assessment of the implications of China's rise for the United States and the rest of the world.