China’s successful transformation from a middle-income country to a modern, high-income country will depend largely on the reforms that the government undertakes over the next decade. But, because the most pressing reform – interest-rate liberalization – carries both risks and rewards, officials should be prudent in their approach.

China’s declining GDP has sent shockwaves through the financial sector as analysts begin to question China’s long-term economic strategy. As Minxin Pei points out, “zombie firms,” or companies primarily supported through bank loans and government subsidies, are complicating China’s sustained growth. By eliminating these firms and instituting reforms, China can bolster innovation and ensure the opening of its economic markets.

Although China’s slowing growth has caused a stir amongst analysts; He Weiwen explains China’s growth rate is not of concern.

 At 7.7%, China’s annual GDP growth in the first quarter of this year was slower than many expected. While the data were hardly devastating relative to a cons

China faces numerous trials along its path to become a major power. It is crucial for China’s development to choose a proper path forward while celebrating the centennial of the People’s Republic of China.

Zhang Monan writes that the global economic system is shifting, and China must seize the strategic opportunities with a new line of thought by working hard to avoid any weakening of its development, seizing new opportunities and creating new advantages.

What has emerged from the 2013 National People’s Congress was far different in tone from the usual emphasis on the growth imperative, writes Damien Ma.

China’s leadership transition comes to an end. Regardless of the proposed changes or reforms of China’s new leadership, the stability of the economy and its growth will likely remain the most important factor for Zhongnanhai.

Thanks to the central government’s stabilization policies, Chinese enterprises have accelerated production to make up the inventory rather than slowing down production to digest the inventory. The macroeconomic operation will continue the rising trend and China’s GDP growth in 2013 may be faster than 2012.

Throughout history, the rise of a new power has been attended by uncertainty and anxieties. Often, though not always, violent conflict has followed. As Thucydid