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The remarkable economic growth of China in the past two decades has generated both admiration and concern. As an "undemocratic capitalist" country, Beijing’s grand strategy and true intentions once it becomes stronger are under scrutiny by the rest of the world. This article examines how economic globalization has transformed China’s national policy preferences. It explores China’s foreign economic policy and recent activism in regional and multilateral settings, and within geographic regions that China had minimal contact with as recently as ten years ago. China’s resource endowments combined with its rapid and highly globalized growth have shaped its trade profile. The article suggests that, regardless of China’s grand strategy or future intentions, its policy options have been deeply constrained by its highly globalized economy.