Changes in China: Transition and development strategies

Abstract

This paper analyses China's the current development strategies. This country has been facing a domestic transition period - resulting from contradictions of its current growth regime - and a redesign of its relations with the rest of the world that has promoting a process of reconfiguration of the world order (international transition). Two major axes of this Chinese strategy are the extension of the usage of renminbi to a global level and the internationalization of the Chinese capital through infrastructure megaprojects, chiefly in Asian surroundings.