Abstract. The article describes the main processes in the economy and policy of China in 2014. It is noted that the PRC government actions were aimed at the deepening of market reforms and further liberalization of the economy. It is shown that the Xi's anti-corruption company is used as the means to strengthen the party's image in the society. Basic features and characteristics of the emerging China's foreign concept are discovered. Also a brief forecast for the intensity changes of these processes is given in short and mid-term.