China Foreign Policy

While in the aftermath of the Second World War the future of Europe has been proactively shaped by the U.S., China is now in a position to have an unprecedented impact on the European integration, and its capacity to influence will certainly grow.

China's latest actions signal an understanding that the only way to achieve strong, sustainable growth is to effectively operate on a global scale, which means adapting to the ways the outside world works.

Growing global reach is an important tenet of China's quest for comprehensive national power, but it is unlikely that even the Chinese expected the accumulation of $2.3 trillion of foreign exchange reserves.