Abstract. The article touches on the current topic of shaping a new Far Eastern Center (FEC) of the world economy, which unites China, Japan, the Republic of Korea, Taiwan and Hong Kong. A comparative analysis of a number of indicators of the FEC and the West, including the USA, EU, Great Britain and Canada, allows us to say that in terms of its total economic power the FEC today is already comparable to the collective West. So, the GDP of the FEC is about 1/2 of the GDP of the West at current prices, but 2/3 at purchasing power parities. The FEC is ahead of the West in a number of industries, including manufacturing, automobiles, industrial robots, and information and communications technology products. Analysis of foreign trade positions reveals the presence of close ties between countries within the FEC and the collective West, which indicates the integrity of these two centers in the global economy. At the same time, China’s high dependence on exports to Western countries is definitely visible, while for the rest of FEC countries, trade ties within it are more important than ties with the West. An economic periphery is being shaped around the FEC, represented by countries that are members of the Regional Comprehensive Economic Partnership (RCEP), in particular, all ASEAN countries, Australia, and New Zealand. Shaping a new large-scale structure, the core of which is the FEC, makes it possible in the future to solve a wide range of problems. In particular, to ensure economic growth of incoming countries by relying on developed states and regions, solve raw material issues through the development of resources of ASEAN countries, coordinate actions to overcome backwardness in weak countries and regions, develop a common economic policy in relation to countries not included in the RCEP. Observing today’s economic growth of the states included in the FEC and RCEP, we can talk about significant changes in the modern world system, reformatting of center-periphery relationships in the economy, and the emergence of a new world configuration of centers of economic and technological power and influence.