Abstract

Mao said, “The world is in chaos, the situation is excellent” [1].

China has achieved spectacular progress in face of immense difficulties. It has maintained a rapid pace of economic growth for over twenty-five years without significant political liberalization. In only three decades, China has risen to become a global economic power. It has transformed itself into the world’s second largest economy, largest exporter, and largest provider of loans to the developing world. At the same time, China’s economic and political system, and its foreign policy are still developing. Economic power does not transform directly into political power. Economic globalization trends enhance and enable wide international cooperation leading to the rise of big nations. China’s rise can’t be compared with the Western nations because of the fact that they have risen in different ages.