"The 112th Congress faces important questions about what sort of relationship the United States should have with China and how the United States should respond to China's 'rise.' After 30 years of fast-paced economic growth, China's economy is now the second largest in the world after the United States. China is driving global economic growth and has become an Asian economic hub. With economic success, China has developed significant global strategic clout. It is also engaged in an ambitious military modernization drive, including efforts to develop extended-range power projection capabilities and such advanced weapons as a stealth bomber. It continues to suppress all perceived challenges to the Communist Party's monopoly on power. [...] The first part of this report provides an overview of the U.S.-China relationship and Obama Administration policy toward China. A summary of major policy issues in the relationship follows, beginning with security issues and Taiwan, and continuing with economic issues, climate change and clean energy cooperation, and human rights. The report includes five appendices. Appendix A provides a chronology of meetings between the U.S. and Chinese presidents and information about select bilateral dialogues. Appendix B analyzes the Joint Statement issued during President Hu's January 2011 state visit. Appendix C lists congressionally mandated annual reports related to China. Appendices D and E list China-related legislation introduced in the 112th and 111th Congresses. Throughout, this report directs the reader to other CRS [Congressional Research Service] reports for more detailed information about individual topics."
CRS Report for Congress, R41108