Abstract
This article examines the international factor underlying China’s grand strategy of peaceful development, which can be deciphered as a strategy to balance American power through internal balancing and soft balancing. The strategy of internal balancing aims to increase China’s relative power through economic development and military modernization, whereas the strategy of soft balancing attempts to limit US ability to impose its preference on China through Beijing’s engagement in multilateral institutions, bilateral partnerships, and economic diplomacy.The strategic logic is to maintain a stable external environment for China to concentrate on economic growth and accumulate relative power — without provoking a vigorous US response.
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