In order to achieve sustainable, equitable, and innovative GDP growth, China needs a new, more sophisticated growth model – more like a “growth order.” With a more inclusive, long-term approach that emphasizes strong institutions and eliminates perverse incentives, China's leaders can foster a more balanced economy and society.

While many analysts have characterized China's economic slowdown as a “black swan” event, Yu Xiang explains how this slowdown is the “New Normal” in China. As China’s economy is reformed and rebalanced, the United States will benefit from increased bilateral trade and greater cooperation.

China's government is now attempting fiscal decentralization to revitalize the public-finance position, while adopting financial decentralization to maintain currency stability. Indeed, the quest for macroeconomic balance has become the main goal of economic policy.

Yu Yongding explains the implications of China’s slowing economic growth rate and attempts to preempt a rise in inflation.

China can successfully make the industrial transition that will generate stable and sustainable growth in the long run, writes Chen Dongxiao, president of the Shanghai Institutes for International Studies.

Responding to concerns that China’s economic growth continues to decline, Qi Jingmei lays out why China’s economic performance succeeded in the first half of 2013 and what must be done to see steady growth in the second half of 2013.

Addressing a number of articles highlighting China’s future economic risks, Michael Justin Lee describes calls for economic reforms as merely stating the obvious. Instead of continued reforms to the financial markets, increasing consumer demand could provide stability for China’s economy.

Laying out the argument for economic reforms, Zhang Monan explains how debt accumulation is on the rise in China. While the real economy tumbles, shadow banking and off-balance-sheet financing is on the rise, making it vital that Chinese leadership lessen the burden on the real economy.

While stabilizing GDP, the authorities must continue to push forward restructuring amid economic difficulties, writes Zhang Ming.

China’s GDP growth target for 2013 was set at 7.5 percent in March, but just four months later, on July 11 at a press conference in Washington China’s newly established minister of finance, Lou Jiwei, seemed to suggest that Beijing no longer believed the country would hit the target.