China’s Governance System: What the World Needs to Know About the Oriental Economic Superpower (2018 edition)

Summary: Since the “reform and opening up to outside world” policy was enforced in 1978, nearly 40 years of fast-paced economic growth has made China the world’s second largest economy and the world’s largest exporter. Its economy has been deeply integrated into the global economy and joined into the existing global order, led its economy to one that is closely interdependent with other global powerhouses, especially the United States. As China’s economic and strategic clout has grown over the last four decades, the big powers’ relationship with China has expanded to encompass a broad range of global, regional, and bilateral issues. The rapid rise of China has caused a series of Western concerns: Will China's rapid rise change the existing global order? Will the rising China assume the leadership of globalization? China files WTO complaint against U.S, EU over its Non-Market Economy Status, challenge to liberal global economic order? Chinese geopolitics and Donald Trump took of...