As Xi Jinping and Barack Obama are faced with tremendous economic challenges, the national prosperity of each country may benefit more from a local approach that could allow for joint efforts between the United States and China.

Niu Yi writes that China’s economy in 2013 will be guided by the quality and efficiency of economic reform, and that a new model of urbanization will provide the largest potential for promoting domestic spending.

After a prolonged recession, some economists believe the United States could be headed towards recovery. What 5 economic indicators show signs of GDP growth? A rebounding housing market, profitable financial markets, increasing consumer confidence, manufacturing growth, and a unique energy sector could signal a turn around for the US economy.

According to a Pew Research Center poll, American attitudes towards China have declined in recent years. Now, Chinese scholar Tao Wenzhao has laid out his strategy for improving bilateral relations between China and the US.

After the 18th Party Congress, China is moving toward reforms that are tailored differently in different parts of the nation.

After twenty years of managed leadership successions, steady economic growth, basic social stability, and a generally positive foreign policy—we have recently witnessed unpredictable instability in all these spheres. China watchers ask: Is this the “new normal” in China?

With China’s economy slowing in recent months and the US economic recovery still sluggish, both countries have emphasized trade as a means of promoting and sustaining growth. While the possibility of economic friction between China and the US certainly exists, increasing trade does not need to be a zero sum game.

Increasing pessimism about the Chinese economic outlook is emerging owing to the euro-zone debt crisis and gloomy recovery in the United States. Justin Yifu Lin, former Vice President of the World Bank, predicted that China can maintain 8-percent annual economic growth for the next two decades at a conference recently held in Beijing.

China’s GDP grew at 7.8% during H1, 2012, breaking the 8% psychological barrier, with Q2’s rate as low as 7.6%, the sixth consecutive quarterly slowdown. This

Despite prophecies of gloom and doom, China is moving toward rebound – through stimulus lite.