What is the impact of China's new multi-directional diplomacy on international political economy and how can the international community properly respond to the new diplomacy? Based on extensive research addressing these and other important policy questions, this book investigates China's new diplomacy since the early 1990s with a focus on Chinese initiatives in the Middle East, Latin America and the Caribbean, Africa, Central Asia, Southeast Asia and the South Pacific. Zhiqun Zhu examines China's current efforts to secure energy, to expand investment and trade, and to enhance 'soft power' around the world. He evaluates how China's activities affect international political economy and how the international community, especially the United States, has reacted to China's new, pro-active diplomacy. The study answers some of the lingering questions about Chinese politics and the policy implications for both China and the international community as they become increasingly interdependent.