China’s long boom rests on circumstances similar to those that scholars cite as crucial elements in Britain’s industrial revolution. China’s boom also benefits from unique historic legacies that promote economic development. Despite the negative impact of the recent global crisis and recession, China’s growth prospects appear strong. Fears that social costs may undercut China’s economic momentum appear overdone. China’s rising influence has begun to reshape international networks of diplomatic, economic, technological, and security relations. Despite inevitable tensions, there is no conflict between the fundamental interests and objectives of China and the United States.