CHINESE PEACEFUL RISE AND DEVELOPMENT. THE THEORY OF “CHINA’S THREAT”

Abstract

People’s Republic of China (PRC) has achieved phenomenal economic growth and unprecedented development “miracle” in human history. From the middle of the first decade of this century China has become a significant player in the global economy, it has flourished into a formidable economy, ranked the second largest in the world, and stands as the largest, the fastest growing and the most heavily engaged in international business and investment. The sustained and rapid growth of China’s economy, since the late 1970s, initiated by Deng Xiaoping (8 March 1978 - 17 June 1983), driven by reform and opening-up policy, became one of the most important milestones of the global economy during the past quarter century. The reform and opening up has enabled China to complete the historic transformation from a semi-closed society into a fully open one. Today, the openness of Chinese society and its integration with the outside world have reached unprecedented levels. The consequence of integration into the global economy, economic development has made China into a major force and advocate of globalization. China has become the strategic center of the “global factory” that produces the commodities consumed globally, above all in the centers of global capitalism.