Once the alienated economy, China is now well integrated with the rest of the world. The country recognizes the growing importance of global economic governance. In fact, it is now almost impossible to ensure effective and meaningful global economic governance without ensuring China’s active participation. This article critically evaluates Chinese views of global economic governance and then tries to ascertain how the country has been participating in the process. The article argues that domestic development priorities play very important role in shaping China’s global behavior pattern. It further argues that be it in the G20, in multilateral financial institutions or in the WTO, China has been following the prudent strategy of remaining within the system in order to influence gradual changes in global economic governance. It does not want to follow its strategy of alienation any more like it did earlier, between the 1950s and late 1970s.