Years of mounting cash deficits and long-term debts have led one of America’s greatest cities to ruin. Today, as the City of Detroit seeks to dig itself out of bankruptcy, Detroit native Tom Watkins encourages China to take a good look at the result of poor city management.

As the proposed free trade zone is about to take off in Shanghai, the megacity’s growth will accelerate, China’s financial reforms will speed up and the competitive impact will be felt in Hong Kong and Singapore, as well as in New York City and London.

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.

China’s Central Committee will gather later this year for a session that will shape the outlook of the global economy. Despite hopes that China will announce a rebalancing strategy, Jonathan Holslag believes Beijing will continue its high export policies.

Commenting on Chinese President Xi Jinping’s speech at the G-20 Summit in St. Petersburg, Chen Xiangyang explains the significance of Xi’s remarks highlighting the need for cooperation to ensure stable economic growth across the globe, rather than focusing on the economic crises facing rising and falling powers.

There is inevitable concern that the Chinese Silk Road plan will not be compatible with the US one, and there will be increasing competition between China and the US in Central Asia, writes Su Xiaohui.

With the Fed publicly considering an end to its massive, open-ended purchases of long-term securities and foreign capital fleeing home from emerging markets, many fear that Asia’s economies could come crashing down, as they did in the late 1990’s, writes Liu Mingkang.

Detroit's decline demonstrates what happens when laws of economic and social development are broken, writes Ding Yifan. It is a lesson that China should learn to accomplish its economic restructuring without repeating Detroit's mistakes.

Following a meeting of the world’s top leaders at the G-20 Summit in St. Petersburg, Russia, Liu Jiangyong examines Japan’s relations between China and the Republic of Korea and notes that several factors contribute to the historical departure Prime Minister Shinzo Abe’s current administration has taken compared to previous administrations.

China’s economic slowdown has emerging economies around the world concerned that slowing growth will impact trade and investment. Specifically, many Latin American markets worry they will be negatively impacted by a decrease in exports to China.