As a result of the recently concluded U.S.-China Strategic and Economic Dialogue (S&ED) the relationship between Washington and Beijing has not only stabilized, but has taken a major step forward, writes David Shambaugh. That is the best news we have had in U.S.-China relations for several years, and is good news for global stability and development.

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.

Are Russia and China attempting to counter US and Japanese influence in the Asia-Pacific by undertaking joint military exercises? Following Joint Sea-2013, Chen Xiangyang attempts to answer this question and explain the impact of China and Russia’s strategic partnership on the region.

The fifth round of the China-U.S. Strategic and Economic Dialogue (S&ED) has been concluded and it has produced two lists of the outcomes of the S&ED on the strategic and economic tracks. What have impressed people most is a monumental blueprint for a new model of a major-country relationship.

Are the U.S. and China headed for a “new great power relationship?” In a rare and exclusive interview with Christiane Amanpour, Chinese Ambassador to the U.S. Cui Tiankai said that it’s “obvious” that the countries need each other.

ASEAN has always been careful to balance the status of the major powers rather than allow the forum to indulge power games, writes Zhou Shixin. If ASEAN tries to choose sides in the forum, or seek hegemony in the region by use of the forum, it will lose the very confidence it has worked so hard to build.

As time progresses, regional trade agreements have grown in number. Although these agreements are effective and beneficial to those nations involved, they cannot and should not replace the global "free-trade" framework.

At the heart of China’s request for a new type of big power relationship with the US is a demand for greater symmetry in bilateral negotiations, writes Pang Zhongying. Only a roughly symmetrical relationship can be stable.

With a new type of bilateral relationship, China and the US should achieve trust in politics, economic complementarity, cultural exchange, military interaction and diplomatic consultation, writes Yu Sui.

The Xi-Obama Sunnylands summit came at a crucial time in the bilateral relationship. The weekend meeting, which featured a variety of discussions including a new great-power relationship and increasing mutual trust, was seen as a step in the right direction for Sino-US relations.