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China saw profound shifts in its regional security situation and diplomatic policies in 2014. Threats to regional security posed by regional conflicts and terrorism remained undiminished, and within the framework of its rebalancing policy toward the Asia-Pacific, the US has adhered to the hedging strategy regarding China, which calls for cautious engagement. Both caution and engagement have reached new levels. Contributorsreview key issues related to China’s relations with surrounding regions, and tryto understand, by drawing on mid-to long-term studies, the country’s regional security situation in terms of its patterns of change, determining factors, and the relationship among these factors.