The global economy now appears to be shaking off its deep post-crisis malaise, but the overhyped idea of a “new normal” for the world economy overlooks an extraordinary transformation in the global growth dynamic over the past nine years. It raises profound questions about the efficacy of monetary policy, development strategies, and the role of China.

Despite China’s struggle to identify new drivers of growth, there are many positive indicators in the economy right now. We should be more result-focused and open-minded about China’s economic pursuit, and be willing to see the positive side while weighing the country’s economic future.

With economic interdependence in the era of globalization, and determination by both sides to avoid the Thucydides Trap, it is debatable that the rising power will slide into an inevitable conflict with the established power. But China’s struggle to shift from a labor-intensive economy to one driven by technology and knowledge may make other “traps” irrelevant.

Lawrence J. Lau reviews the highlights of the nation’s annual NPC and CPPCC meetings to check the health of its economy and society, and finds the progress in both areas encouraging, not least the successes in judicial reform.

President Xi has expressed a desire to uphold and develop the world order. President Xi has expressed a desire to uphold and develop the world order. If Xi is up to the challenge and prevents a breakdown in global trade, China will have will have saved more than its own skin.

By the early 2020s, rivalry for innovation will accelerate between the U.S. and China. Ironically, the Trump White House has opted for a poor-economy industrial policy, whereas China has embraced a rich-economy policy.

If you ignore the dragon, it will eat you. If you try to confront the dragon it will overpower you. If you ride the dragon, you will take advantage of its might and power.

Labeling China as a currency manipulator is demonstrably baseless, but amid loose talk and wild speculation on this and other issues, a formal summit between U.S. President Trump and China’s President Xi Jinping is both important and urgent.

While U.S. President Donald Trump was talking about investing more in coal as a source of energy, China has just announced that it will scrap 85 coal power plants under construction and invest 2.5 trillion yuan ($361 billion) in green energy, largely in response to the public outcry about smog in northern China. China’s move in this direction will further strengthen China’s leadership position in green energy.

Given their economic and geographic proximity to China, Southeast Asian countries are beginning to warm up to the Chinese renminbi. At this stage, however, it would be premature for Southeast Asian governments to do much more than they have already done.