This paper takes an eclectic approach in analyzing China’s perception of, and role in, a unified Korea and seeks ways in which unification of the Korean Peninsula can be facilitated with the acquisition of China’s cooperation. In seeking a favorable environment for a South Korean-led unification, this article first analyzes China’s position on Korean unification, provides evidences that China’s perception of a unified Korea is reflected in its policies on the Korean Peninsula, and entertains scenarios of its future role. Specifically, this article analyzes China’s perception of the Korean Peninsula’s strategic value in Northeast Asia given its changing relations with the United States. Moreover, the link between China’s basic position on Korean unification and its national interests, and its perception and plans on the process of the unification as well as a unified Korea will be analyzed. This paper will examine how such a perception and plans are reflected in China’s policies towards both Koreas and attempt to project the future role of China in the process of unification. Finally, based on the above analysis, the paper will endeavor to conclude with some policy directives that may enhance the possibility of inducing China to become more cooperative toward Korean unification.