Currently, the world economy is at a critical juncture as new drivers of growth take the place of old ones. Chinese President Xi Jinping addressed the challenges of downward economic cycle lies in supply-side structural reforms. Obviously, the new growth cycle must be built upon a new structure - one that features the extensive application of S&T innovation results.

The RMB’s fall against the dollar reflects the slowing of China’s debt-fueled economic growth and the accumulation of default risks. Chinese residents and companies are, not surprisingly, seeking new ways (legal and otherwise) to move money out of the country.

Moody's Investors Service recently downgraded China's sovereign credit rating, the first time since 1989, changing at the same time its outlook for the Chinese

China has an increasing opportunity to share global leadership. Unless the U.S. recognizes U.S.-China relations as a positive-sum game, China may eventually surpass the U.S. economically through global leadership and innovation.

Weak demand is dragging down China’s economic growth. While necessary to mitigate financial risk, will not resolve China’s monetary conundrum, much less protect China’s economy from the consequences of a financial crisis in the long run.

July 1, 2017, will mark the 20th anniversary of Hong Kong’s return to China, after more than a century of British colonial rule. It comes at a moment when China’s leaders are increasingly promoting Hong Kong’s unique role in advancing the country’s economic development.

Much as the relocation of East Asia’s labor-intensive industry to lower-wage China stirred a virtuous economic cycle that went much beyond mere capital accumulation, so also China-Africa production capacity cooperation and transfer can create a sum bigger than its parts. Far from being a new form of colonialism, as the critics have panned it, the transfer of industrial capacity and world-class infrastructure will reduce transaction costs in Africa. But success abroad must first begin at home.

More than 60 countries have welcomed Chinese President Xi Jinping’s “One Belt, One Road” initiative, what is China’s rationale for pursuing this grandiose vision – one that so many countries, especially in the developing world, have embraced?

The China Dream was something of a nationalist mantra, framed as a rejuvenation by which China would recapture its former position of global prominence, commensurate with its status as the world’s second largest economy. Considerable attention is devoted to the risks and opportunities of this rebalancing – and to the related consequences for sustainable Chinese development and the broader global economy.

As the new U.S. administration has undercut its commitments to multilateral institutions and challenged free trade orthodoxy, China has upgraded its image as a pillar of globalization and doubled down on its Belt and Road Initiative. Amid the ongoing uncertainty for the future of globalization, it is thus possible to understand China’s BRI as part of a formative “Silk Road system,” an emerging economic substructure – “Sino-centric” yet symbiotic to the U.S.-shaped Bretton Woods.