This volume focuses on Chinese economic statecraft during the first decade of Deng Xiaopings reform and opening-up policies, from 1978 to 1989. During these years, Chinese economic engagement with the external world was tentative and experimental, with long-term strategies still decidedly under development.

Prominent topics covered are Chinas efforts to steer an economic course tailored to and representing what Deng Xiaoping famously described as socialism with Chinese characteristics; Chinas quest for advanced science and technology; Chinas dealings with international economic institutions, especially the World Bank; Chinas engagement with other powers, including Japan, the United States, the ASEAN nations, and Europe; and the role of non-governmental organizations, including foreign policy think tanks, exchange groups, and educational institutions, in developing Chinese economic thinking and methodology during this decade.

Contributors also focus on how elements of the Chinese military turned to building Chinas new economic infrastructure, and on Chinese efforts to break into foreign markets. The volume ends with an overview and reassessment of earlier findings on Chinese economic statecraft in these years, by one of the leading Chinese experts on the PRCs international policy.