Countries are striving to expand international trade in the hope of achieving a win-win outcome by establishing Free Trade Agreements or conducting closer economic and strategic cooperation.China and the United States are no exception.
The development of China's private sector is likely to witness a breakthrough in 2012, as the authorities consolidate rules to lower entrance limits and become more reliant on the private sector against the backdrop of an economic slowdown, said analysts and executives.
Beijing, Shanghai and other big cities have witnessed robust rebounds in house sales despite Premier Wen Jiabao's harsher-than-ever remarks that China's house prices are still far from a reasonable level.
Local public debt is a hotly debated issue in China. People are seriously concerned about the accumulated local public debt, which had risen to 10.72 trillion yuan ($1.58 trillion) at the end of 2010, the equivalent to 26.9 percent of China's GDP that year. Meanwhile, economists and government officials, particularly central government officials, are still struggling to find ways to digest this enormous debt and reduce the severity of its effects on China's economy.
The fourth BRICS summit, which concluded on Thursday in New Delhi, sent positive signals to the outside world that international stability, security and prosperity can be achieved if everyone pulls together.
On Wednesday, the leaders of Brazil, Russia, India, China and South Africa gathered in New Delhi, India, to start the fourth BRICS Summit with the theme "Partnership for Global Stability, Security and Prosperity".
The powerful Alliance for American Manufacturing has launched a campaign to lock Chinese suppliers out of large infrastructure projects, which is just one of the latest protectionist actions by the United States.