China in world politics - Part III. China looks to the West - the West looks to China

Part III of the series of articles published in Nos. 3 and 4 of Vol. 23 of this periodical surveys the relationship between China and the United States, the transformation of those relations, parallel to the major changes of world politics and power structure. The paper studies the period between 1971 and 2004, the time when modernisation took a major leap in China, and while its political structure changed little the role of foreign investors, Chinese industry and exports have grown immensely, and nowadays it has become customary to speak about the Chinese 'miracle'.