China's new leaders will go all out to change such an unbalanced economic structure and pursue higher quality growth.
Domestically, it will inspire people who are eager to see their per capita income as well as the country's GDP double by 2020.
Fostering an expanded middle-income group and unleashing its consumption potential is of great significance for more sustainable development.
China will continue to rebound in the short term but its challenges will increase in the medium term. China's new leadership can build on long-term potential.
At the Seventh East Asia Summit, a consensus was reached on launching negotiations for the China-Japan-Republic of Korea Free Trade Area.
The rapid expansion of non-bank credit financing in China has rekindled concerns about rising financial and fiscal risks. However, we believe these risks remain manageable for now.
If Obama wants to run his new term smoothly and successfully, he needs to create new job opportunities, increase US products' competitiveness and cool the growing anger among many who feel disenfranchised.
Liberalizing interest rates would support economic restructuring through the proper pricing of risk, it also can reduce income inequality and improve social welfare.
As investment and exports lose steam to drive China's economic growth, the government's top priority is to boost domestic demand to maintain economic growth.
"China will clear the way for foreign investors' capital to flow in and out of the country more easily by waiving and simplifying regulations."
Acceleration of activities in China's manufacturing sector indicate that the economic growth is steadily recovering and the government is likely to maintain economic policy continuity.
It is only through "supply-driven" strategy that would generate virtuous economic circles and allow the government to collect more revenue to help the needy.
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