Economic diplomacy is a very ancient phenomenon of international relations. Even during the Spring and Autumn and during the Warring States, various vassals came into contact with each other in the form of taxes, gifts and, thus, actually began the practice of economic diplomacy. In modern history, Western countries, in search of industrial raw materials and increasing market share, demanded that China open trade ports, reduce tariffs, or tried to force China to provide loans. In fact, it can also be seen as economic diplomacy. As China became more actively involved in the international economic system after reforms and openness, it gradually turned into a "pioneer" in the international economic and diplomatic arena. The transformation of China into the second largest economy in the world has increased the interest of researchers in a comprehensive study of economic diplomacy. China's economic power surpasses the military, political and cultural spheres of global development, and today China effectively uses economic instruments to achieve national security, political stability, social development and other important strategic goals. Therefore, this article, which emphasizes the importance of studying China's economic diplomacy, analyzes the evolutionary development of its various forms.