Beijing is waging an economics-focused diplomacy of reassurance to counter the "China Threat" theory and to augment its political clout particularly in the Asia-Pacific and European regions.
In the last two years of its term of office, the President Hu Jintao leadership is expected to use the country's economic muscle to convince the global community that the quasi-superpower's precipitous rise will bring about win-win scenarios, particularly on the business and trade fronts. This is in view of foreign-policy
setbacks that China has suffered in the past 10 months due mainly to heightened territorial disputes with countries including Japan and India, as well as members of the Association of Southeast Asian Nations (ASEAN).
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