By Zha Daojiong
What grounds have China broken in its economic diplomacy (defined here as promotion on trade and investment through diplomatic initiatives)? Out of Chinese pronouncements and actions by the new leadership formally installed in 2012, what can be discerned about future possibilities? Addressing these and related questions can be helpful in tackling the larger question of how China relates to the rest of the world economy. Let us begin with a sketch of official Chinese visions about the country in the world today.
When China’s Foreign Ministry inaugurated a new Department of International Economic Affairs in October 2012, the country was one month away from the once-in-a-decade leadership transition. The 18th Party Congress formalised the entry of the fifth generation of Chinese leaders. Amidst expectations of continuity in foreign policy strategy, Xi Jinping, the new party secretary and president of the country, began to indicate innovations in foreign policy thinking, coined in the phrase “Chinese Dream”.
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