China’s Evolving Political Economy and Global Orientation

China is approaching a major moment in its economic and political trajectory with the forthcoming unveiling of its 15th Five-Year Plan at the annual “Two Sessions” in early March. At a time of slowing growth, technological competition, and intensifying geopolitical tensions, the Plan offers a window into how China understands its future development path and its place in the world. This Distinguished Lecture invites a broader reflection on what China’s evolving political economy means.

Drawing on his recent work and on his close engagement with China’s economic debates, Professor Yao Yang will explore the logic behind China’s renewed emphasis on manufacturing, innovation, and technological upgrading. His analysis situates these choices within China’s broader political economy, highlighting the institutional incentives and trade-offs that shape economic strategy.

In the response panel that follows, Professor Yao will be joined by Professor Emeritus of Marketing and International Business John Graham and Professor of Political Science Etel Solingen to reflect on the international consequences of this trajectory. As China’s industrial and technological push reshapes global supply chains, trade and investment flows, and patterns of competition, it will generate tensions with advanced economies. The discussion will examine what this means for China–U.S. relations, global economic governance, and the prospects for cooperation and conflict in a more fragmented international order.

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Host or Publisher UCI Long US-China Institute