China is entering a new era at the beginning of the twenty-first century. Economically, she has been able to come out of the Asian financial crisis of 1997-1998 seemingly unscathed. Internationally, she was finally paying more attention to her relations with the outside world. For instance, she has succeeded in mending fences with the United States after the Yugoslavia embassy bombing crisis by signing a bilateral trade agreement as a first step towards entering the World Trade Organization. Domestically, China is still trying to restructure its economic and social institutions,...
China is entering a new era at the beginning of the twenty-first century. Economically, she has been able to come out of the Asian financial crisis...