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Seminar paper from the year 2015 in the subject Economics - Industrial Economics, grade: 1,0, Anglia Ruskin University (LAIBS), course: International Business, language: English, abstract: This report aims at critically evaluating the political, economic and technological factors that have enabled the People’s Republic of China to become an emerging economy. Furthermore, it examines carefully China's economic growth after opening up the economy in 1979. It considers foreign direct investment in the political, economic and technological sectors and shows its importance to China’s development. Finally, a key learning outcome is what recommendations, for example, future strategic direction, China need to adapt to sustain economic growth? In 1817 Napoleon Bonaparte said: „When China awakens, the world will tremble“. 200 years later China woke up, went through a remarkable development process and is an outstanding emerging economy today. China is the largest country in the world by population, it has more than 1.3 billion inhabitants and its gross domestic product is steadily increasing. In 2013 it received $117.6 billion in foreign direct investments.