This book focuses on the market issues facing Asian industrialization and the possibility, feasibility, and sustainability of China integrating the Asian economics. How China's rise affects Asian market and the economic relation between China and other Asian economies? The book looks into this issue from market and regional perspectives and concludes that: Asian industrialization including China makes the unified regional market as the common goal of Asian economies; the integration of Asian markets is also a key strategy for China in the next 5-10 years; China may become a major player or even a leader in integrating regional markets; however, it will be a longtime process depending on China's economic strength in the future.

With featuring far-reaching diversities and disparities among the regional states in their political, economic and social systems and cultural and religious orientations, East Asia is a microcosm of international society at large. Nevertheless, there are unique dynamics unfolding in East Asia at the turn of the twenty-first century, namely the rise of China as a contender for regional and global hegemony and a set of collective initiatives to integrate the region into a harmonious community. This book provides new arguments on China’s rise and the transformation of East Asia and analyzes the foreign policy behavior of the regional states and relations among them. In doing so, the contributors show why and how China is rising, and how China’s rise shapes the emerging regional structures and institutions in East Asia. Furthermore, given the East Asian context where the world’s second and third largest economies coexist with much smaller states and with China’s ascendency likely to continue, this book challenges the pervasive dichotomy of hegemony and community. This allows for a fuller and more nuanced account of China’s role and the shifting regional policies in East Asia in which hegemonic cooperation does not necessarily lead to a hegemonic form of regional order. Presenting strategic, political, economic and historical perspectives on China’s changing role in the region and the development of regionalism, China’s Rise and Regional Integration in East Asia will be of great interest to students and scholars of Chinese politics, Asian politics, international relations and regionalism.

This book focuses on the market issues facing Asian industrialization and the possibility, feasibility, and sustainability of China integrating the Asian economics. How China's rise affects Asian market and the economic relation between China and other Asian economies? The book looks into this issue from market and regional perspectives and concludes that: Asian industrialization including China makes the unified regional market as the common goal of Asian economies; the integration of Asian markets is also a key strategy for China in the next 5-10 years; China may become a major player or even a leader in integrating regional markets; however, it will be a longtime process depending on China's economic strength in the future. .

With featuring far-reaching diversities and disparities among the regional states in their political, economic and social systems and cultural and religious orientations, East Asia is a microcosm of international society at large. Nevertheless, there are unique dynamics unfolding in East Asia at the turn of the twenty-first century, namely the rise of China as a contender for regional and global hegemony and a set of collective initiatives to integrate the region into a harmonious community. This book provides new arguments on China's rise and the transformation of East Asia and analyzes the foreign policy behavior of the regional states and relations among them. In doing so, the contributors show why and how China is rising, and how China's rise shapes the emerging regional structures and institutions in East Asia. Furthermore, given the East Asian context where the world's second and third largest economies coexist with much smaller states and with China's ascendency likely to continue, this book challenges the pervasive dichotomy of hegemony and community. This allows for a fuller and more nuanced account of China's role and the shifting regional policies in East Asia in which hegemonic cooperation does not necessarily lead to a hegemonic form of regional order. Presenting strategic, political, economic and historical perspectives on China's changing role in the region and the development of regionalism, China's Rise and Regional Integration in East Asia will be of great interest to students and scholars of Chinese politics, Asian politics, international relations and regionalism.

The book begins with an overview on China’s Belt and Road Initiative, highlighting its complex character as a domestic and international development strategy, and offering an up-to-date evaluation of it. In response to this complexity, the book attempts to highlight the Belt and Road Initiative’s double character and how it will address primary domestic development challenges that the Chinese government is facing by adding an international focus to a domestic development strategy. This in turn supports the understanding of China’s political-economic policy and strategy formulation by reminding that supporting China’s domestic development is still the primary task of its government. Even as the domestic aspect of the Belt and Road Initiative is highlighted, its regional and international relevance cannot be ignored either. The Belt and Road Initiative will support a continuation of the persisting debate about the impact that China’s rise generates, and to what extent China can be characterised as a satisfied status quo power or a dissatisfied, revisionist power. In this context, the book draws attention to the various impacts that the Belt and Road Initiative generates in different regional settings. However, the book also identifies some of the limitations that China’s Belt and Road Initiative encounters, despite the seemingly convincing economic goals it offers, and explains why a few of the countries, like India, are resisting the lure.

The prospect of a new, rapidly rising China poses both opportunities and challenges for regional community building in Asia Pacific. In this book, intellectual leaders from the region present their perspectives on China's development. Four chapters by Chinese authors analyze the domestic dynamics related to the country's political and economic development as well as its external economic and political/security relationships. Contributors from Japan, Korea, member-countries of the Association of Southeast Asian Nations, and Australia/New Zealand cover the growing political influence of China in the region, its influence on security in the region, and the implications of China's continuing economic growth. Five final chapters examine China's regional strategy toward Asia Pacific, Japan-China cooperation on regional community building, taking a greater role in regional security arrangements and the regional economic order, and the cultural implications for the region of the rise of China. Contributors include Yang Guangbin (Renmin University, Japan), Men Honghua (Central Party School, China), Wang Rongjun (Chinese Academy of Social Science), Ni Feng (Chinese Academy of Social Sciences), Takahara Akio (Rikkyo University, Japan), Ohashi Hideo (Senshu University, Japan), Lee Geun, (Seoul National University, Korea), Jwa Sung-Hee (Korea Economic Research Institute), Morada Noel (Institute for Strategic and Development Studies, Philippines), Mari Pangestu (former executive director, Center for Strategic and International Studies), Greg Austin, (European Institute for Asian Studies, Brussels, and Australian National University), Jusuf Wanandi (Center for Strategic and International Studies, Indonesia), Chia Siow Yue (Singapore Institute of International Affairs and EADN), and Wang Gungwu, (East Asian Institute, Singapore).

Introduction -- ch. 1. China and East Asia production network -- ch. 2. The internationalisation of China's Renminbi -- ch. 3. The internationalisation of Chinese enterprises -- ch. 4. Cross-strait economic relations: Taiwan's perspective -- ch. 5. CEPA and Mainland-Hong Kong's economic relations --ch. 6. China-Asean economic relations remain resilient despite rising challenges -- ch. 7. Ever-bonding Sino-Korean economic relationship but questionable contribution to regional integration -- ch. 8. China and Japan: great economic integration without a bilateral free trade agreement -- ch. 9. The political economy of East Asia economic integration.