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.

Following the whirlwind tour of high-level interactions between the United States and China, Qian Liwei examines the synergistic relationship between the two countries and lays out steps for a future built on cooperation.

Renowned business commentators Shi Mingshen and Li Zhenyu weigh in on the biggest bright spot of China's economic reform pledges and its significant, wide-ranging implications.

China’s recent decision to eliminate the process of reeducation-through-labor will not be an easy process but demonstrates the government’s dedication to form a system of consistent legal mechanisms. The arrangement, which has existed since the 1950s faced issues of inconsistent legislation and execution along with the opportunity for political leverage.

The reform measures set forth at China’s recent Third Plenum will push the country’s leadership to pursue bilateral trade agreements and hard power capabilities will continue to be a top priority as consolidation of the foreign-policy making process is causing a polarization in China’s classification of “friends” and “enemies”.

Steven Hill writes that few of the proposals from the Third Plenum really grapple with the profound contradictions of China's economy today.

The Chinese government announced that it will ease restrictions on the number of children couples can have.

Changes suggested by the Third Plenum could be useful for America’s ailing economy.

With significant reform measures clarified on the Party's Third Plenum for such important sectors as fiscal and finance systems and State-owned enterprises, there are few direct mentions or words about urbanization. However, if reading between the lines, a major shift in the development of urbanization is too apparent to ignore, writes Zhang Monan.

Chinese Party Third Plenum’s commitment to reforms in the political, economic, cultural, social and environmental fields has won popular supports among the Chinese people, writes Qin Xiaoying.