Russian and Chinese scholars review China’s involvement in ongoing globalization of economic and political activities. Growing interdependence of economies and societies on a global scale directly influence important characteristics of China’s economic and political life and shape its evolution. Also, authors look into China’s growing impact on international relations in the Asia-Pacific region, as well as in the world at large. The paper reviews the developments related to China’s becoming an active and influential actor on the international scene and their possible repercussions on the situation in the Pacific Asia and relations between Russia and China.