Despite predictions that the Chinese economy will overtake the US in 2014, China will still remain world No.2 for years, writes He Weiwen.

China’s former model of growth is not sustainable and balanced. China has to shift its growth model to one that is quality-based, environment-friendly, and consumption-driven, writes He Weiwen.

While China is virtually certain to be the world’s biggest trade nation, Yu Xiang points out four key reasons why the country is yet to be the strongest trade nation and urges for the expansion of the US-China trade relationship.

Over the last two decades, a consensus about China's growth model has emerged, with observers arguing that a shift to an intensive, efficiency-driven growth is essential. But empirical research reveals a critical flaw in this assessment – namely, that annual efficiency gains in China far exceed those of the US.

Liu Shijin outlines three policy targets that will be conducive to steady growth in China’s economy, which can then rapidly shift to a more stable rate.

Zhang Jun examines the factors affecting China’s potential rate of GDP growth.

Zhang Monan writes that China’s new round of reform will bring dividends generated by activated domestic consumption, institutional reform and a new round of globalization.

As recent reports suggest the Renminbi yuan is going through its most active role in the global trading market in history, Yi Xianrong advises against overestimating what this means for the yuan’s globalization. Yi suggests accelerating the pace at which the yuan is open to the outside world and establishing an effective exchange-rate pricing mechanism before globalization can be discussed.

Both the US and China, as the world two largest economies and members of G20, share a strong responsibility in supporting the common goal of establishing a job-rich, strong, sustainable and balanced growth path, writes He Weiwen.

To facilitate its drive to upgrade the national economy, China needs to renew its national economy accounting system according to the new international standard, says Zhang Monan.