The world cannot function without China. China is a critical component of the global financial architecture as both a member of the international institutions and as an institution-builder. It is important to note that China is not adequately accommodated for in the current global order. Unless the international institutions are reformed, China could decide to go its own way, threatening the integrity of the global financial safety net. China is not a market economy nor a liberal democracy. Lacking shared values, the report addresses the question of where to find areas of common interest in which to work with China, encouraging it to be a productive and engaged partner in the global order. The report further provides important background information for key discussions on the global economy and development, made even more important by recent geopolitical events.