CHINA’S ECONOMIC GROWTH AND ITS IMPACT ON REGIONALISM

The world and international trade may learn much from China's remarkable economic rise in recent decades. The 21st century is increasingly called the ‘Asian Century’ due to China's substantial impact on regional trade organisations, including the EU, NAFTA, SAARC, and ASEAN. Through investments in infrastructure, economic integration, and technical cooperation, China's trading model, defined by bilateral and multilateral agreements, has changed the nature of regionalism. Initiatives such as the Belt and Road Initiative (BRI) have improved commerce and connectivity, which has promoted collaboration and economic progress. China's involvement in the region has aided development and sparked worries about intellectual property, trade imbalances, and geopolitical problems. This research looks at the economic advantages and geopolitical difficulties of China's trade policies and how regionalism will develop in the face of China's expanding power.