2013 has seen three remarkable changes in China-US economic and trade relations, writes Zhou Shijian.

In the United States, proposed budget deals may ensure stability in the short-term. In China, the ongoing economic reforms could foster sustained growth in the medium-term. In both cases, new challenges await after 2015.

While China’s investments abroad were vastly state-led, private firms are increasingly looking to the United States for expansion. As Dan Redford points out, high profile purchases by Chinese firms are just the beginning of a new trend of private investment from China.

Some scholars have recently argued that “China has surpassed the United States and become the top industrialized country”. However, this claim is not supported by objective assessments of significant facts. By certain criteria, China has exceeded the United States in the scale of manufacturing. In terms of competitiveness, however, China is still far behind, writes Jin Bei.

Following the purchase of the former iconic landmarks in Detroit by Dongdu International Group, Tom Watkins discusses the need for further Chinese investment across the United States.

There is inevitable concern that the Chinese Silk Road plan will not be compatible with the US one, and there will be increasing competition between China and the US in Central Asia, writes Su Xiaohui.

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

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.

In his blog on global politics, economics, and pop culture at Foreign Policy, Daniel W. Drezner dispels another myth stymieing the building of US-China relations.

The just concluded 23rd China-US Joint Commission for Commerce and Trade (JCCT) harvested over 50 tangible results, with “meaningful progress” ( Ron Kirk). He