ABSTRACT
The so-called China phenomenon is now almost a cliché in discussions on the global economy. However, the present rapid rise of the Chinese economy entails much more than rhetoric recognition. China is now the world’s fourth largest economy in terms of current exchange rates and the second largest according to estimates adjusted for purchasing power parity (World Bank 2007). The economic and political rise of China has changed the context of economic development and policy-making in Southeast Asia.
