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A lower growth expectation for China does not imply a gloomy picture. Rather, significantly reduced economic growth is a necessary consequence of China's much-needed rebalancing.
Redefining relations with China will require economic coordination with Europe, as France opens to Chinese investment while demanding more regulation and transparency from Beijing.
China urgently needs to rebalance its economy, but the exchange rate is only one of the mechanisms, and not even the most important, that will determine the price of Chinese goods abroad.
Rebalancing in China means by definition that the household consumption share of GDP must rise, and the only effective way to do this is by raising the household income share of GDP.
While Beijing's current debt level is not unsustainable, it is difficult to argue that in recent years the level of debt has not risen at an unsustainable pace.
As tensions in the South China Sea increase, diplomats must try to lower temperatures and get all sides to implement confidence-building measures to ensure peace and stability in the region.
China's leadership transition will be influenced by the country's changing political culture, civil society, and foreign policy goals.
Slowing growth indicators could be a signal that China urgently needs economic rebalancing.
Gu Kailai’s murder trial has placed a spotlight on corruption in the higher echelons of the Chinese government.
Washington needs to protect its position of impartiality in the South China Sea and avoid singling out Chinese behavior for criticism.