For decades, China’s foreign policy has been shaped and guided by Deng Xiaoping’s – the late Chinese paramount leader, who was responsible for opening up the country to forces of globalization – famous dictum: “Hide your strength, bide your time.”

Recognizing the imperative of national development, after decades of disastrous policies under the megalomaniac Mao Zedong, Deng aptly saw the necessity for a low-profile, amicable and calculating foreign policy, which provides the conditions for stable and peaceful rise of China. It was precisely this ingeniously pragmatic doctrine, which undergirded China’s remarkable economic transformation in the last three decades. Ironically, (nominally) communist China has emerged as history’s most successful capitalist story.

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