At the Sunnyland summit, Chinese president Xi Jinping and US President Barack Obama pledged to establish a “new type of relationship between the major powers” and to upgrade the military relationship to a new level, writes Zhou Bo.

The implementation of the United States’ pivot to Asia continues to ratchet up tensions between the US and China. In order to avoid a destabilizing arms race and facilitate crisis management, David Gompert and Terrence Kelly provide two solutions.

Responding to The Economist’s editorial, “The Great Deceleration,” Fernando Menéndez calls for an end to “the tired old muddle of warmed-over Keynesian” analysis; instead, encouraging a more sophisticated approach with a new perspective to analyze emerging economies.

Responding to concerns that China’s economic growth continues to decline, Qi Jingmei lays out why China’s economic performance succeeded in the first half of 2013 and what must be done to see steady growth in the second half of 2013.

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.

The US-China relationship is one of great complexity. While both parties share many points of disagreement, they also share many common goals and ideas. These commonalities will be the cornerstone for the continued formation of a new great power relationship, a relationship, which will be used as an example for future generations.

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.