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.

Deeper supply-side structural reform will be pursued as China enjoys early benefits of steps taken in 2016 despite downward pressure on the nation’s economy.

In view of Washington and Brussels, much of China’s slowdown could be overcome with the privatization of state-owned enterprises. However, Beijing believes in evidence-backed gradual pragmatism.

This is the first time that “seeking progress while maintaining stability” was upgraded to an unprecedentedly high status, that is, from a methodology for economic work to an important principle for governance.

Singles' Day in China began as a clever counter to Valentine's Day. It takes place each year on Nov. 11, or 11/11, signifying four singles. Originally a celebration for young single people, Alibaba has turned it into a shopping bonanza since 2009. This year’s tally more than doubled what Americans spent online on Thanksgiving Day, Black Friday, and Cyber Monday combined. Additionally, shipping to rural areas will be at an all-time high. But, this record breaking shopping event, largely driven by marketing pressure, should not be misread as a signal that China’s economy is not stagnating.

China’s economy was stable as reported by the NBS, shaking off the negative growth of 54 months and showing that China’s industrial output has escaped from the difficulty of deflation. If the short-term steady growth policy and the long-term structural reform policy can be carried out, economic growth is expected to be over 6.5% next year — despite any potential actions by the US Federal Reserve and domestic pressures.

China is increasingly portrayed as the next disaster in a crisis-prone world. Stephen S. Roach disagrees, recognizing his minority opinion. Roach argues that without China, the world economy would already be in recession, citing the IMF’s October World Economic Outlook.

Skeptics of land reforms throughout the world fear that land redistribution in developing states may further victimize those who are already more disadvantaged and marginalized. And recent unrests in Kazakhstan due to Chinese investors demonstrate such concerns, highlighting land reform to be a complicated process with the potential of igniting social movements and mass mobilizations.