After the City of Detroit filed for bankruptcy, Michigan-native Tom Watkins suggests that the city should learn from China unprecedented rise.

As the Federal Reserve prepares for the departure of Ben Bernanke, and the potential end to quantitative easing (QE); it is necessary to explore how a retreat from QE could impact emerging economies. While the US prepares to adjust its monetary policy, Yu Xiang calls for cooperation between China and the US to prevent unnecessary shocks to the global economy.

Eminent scholar Wang Jisi reviews the study US-China 2022: Economic Relations in the Next Ten Years, and describes the proposals for the governments and business communities of the two countries as extraordinarily glittering and encouraging.

Laying out the argument for economic reforms, Zhang Monan explains how debt accumulation is on the rise in China. While the real economy tumbles, shadow banking and off-balance-sheet financing is on the rise, making it vital that Chinese leadership lessen the burden on the real economy.

By jointly contributing to the multilateral trading system, China and the US will find new common interests and solutions, writes He Weiwen. In turn, the bilateral trade relationship can also be solidly anchored in a broader and more constructive multilateral trading system.

This year’s Sino-US Strategic and Economic Dialogue yielded more than one hundred deals, writes Da Wei, and showed signs of accelerated advancement in the bilateral relationship.

While stabilizing GDP, the authorities must continue to push forward restructuring amid economic difficulties, writes Zhang Ming.

China’s GDP growth target for 2013 was set at 7.5 percent in March, but just four months later, on July 11 at a press conference in Washington China’s newly established minister of finance, Lou Jiwei, seemed to suggest that Beijing no longer believed the country would hit the target.

What should have been a simple win-win deal is becoming a lot more complicated thanks to Congressional review, writes George Koo. The humble bacon has suddenly risen to become an ominous threat capable of imperiling the security of the United States.

The road to a successful BIT will no doubt be full of political uncertainties and economic bargains in the foreseeable future, but mutual openness of market and investment is allowing a new field of cooperation between China and U.S., writes Qian Liwei.