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date: 22 February 2020

Abstract and Keywords

The evolution of China’s foreign economic performance and policy is one of the biggest stories of the late twentieth and early twenty-first centuries. China’s trajectory has had repercussions domestically, regionally, and internationally, and at the level of markets and governmental institutions. As this chapter illustrates, though, there are really two stories, and the narrative regarding the drivers of these phenomenal foreign economic changes often seems to head in diametrically opposed directions. One story emphasizes a liberalizing China that has taken world markets and economic institutions by storm. The second story tells of the empowerment of the Chinese state, its consolidation as a major economic actor. Both stories must be reported, not merely to be even-handed, but because they are both crucial for illustrating China as a highly successful and yet, in crucial respects, deeply ambivalent integrator into the global economy.

Keywords: China, foreign economic relations, global economic integration, globalization, statism

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