The dawn of the global financial crisis has reshaped the global landscape. Now, the United States faces a strategic decision to either embrace peace and development or continue to seek hegemonic superiority. As Wang Yusheng points out, embracing this new opportunity is key for stability in the international community.

Kerry’s latest visit to China and other prior visits by Obama administration’s high-ranking civilian and military officials has shown that the bilateral relationship between the US and China has safely passed the transition period and will gain greater momentum in its development.

Beijing and Moscow are trying their hands at attraction, and failing – miserably, writes Joseph S. Nye.

Containment is not the appropriate word to describe US policy towards China, writes Su Xiaohui. The US will probably define China as a major competitor in the world, not necessarily a major enemy.

Chen Jimin outlines four challenges facing the Obama administration’s foreign policy agenda over the next four years. While the United States tends to view China as a direct competitor due to its rise in power, Jimin explains that other emerging economies will also challenge the United States’ status as a hegemon.

While both China’s Xi Jinping and Japan’s Shinzo Abe hope to forge closer ties with the United States, Sheila Smith notes the two leaders are showing some signs of diplomatic overtures.

Secretary Kerry recently outlined a US Dream in the Asia-Pacific. Su Xiaohui writes that to achieve China’s goal of a stronger relationship with the US, China should be included in the US Pacific dream.

In his just ended trip to Asia, U.S. Secretary of State John Kerry stressed his desire to work with Beijing to dampen regional tensions. Clearly, the United States considers China’s treatment of North Korea and Iran an important test of China’s rise.

The close consultation on the Korean issue in Secretary Kerry's first trip was important, writes Fan Jishe, but far from enough. To establish a strategically stable bilateral relationship, Secretary Kerry still has a long way to go, and his mission is not accomplished, yet.

The most notable manifestation of China’s peaceful development in the world will be the change of power structure, writes Ding Gang in People’s Daily. A transfer of power, as well as the redistribution of responsibilities and rights, will be in the interest of all countries.