China's approach towards regionalism and multilateralism is essentially driven by realpolitik paradigm. More specifically, China's tilt towards regionalism has been propelled by three reasons: one its own rise, two its domestic concerns and three change in the world-order in the aftermath of the collapse of bipolarism and the resultant emergence of new threats and insecurities. Regionalism in Chinese discourse is rooted primarily in the quest for building a China-led regional order, supporting China's peripheral diplomacy and grand strategy, than on mere rationale of economic gains. Therefore, in Chinese conceptualization realpolitik issues hold primacy over normative and liberal notions of interdependence. The web of regional security architecture, thus, evolved serves essentially China's security needs and grand strategy.
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Abanti Bhattacharya (2010) studied this question.
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