The economic relationship should have evolved with China and U.S. economies’ “New Normal”, but a variety of fears are in the way. The U.S. would like to decrease its reliance on consumption as the engine of growth, relying more on domestic investment and exports. China seeks more consumer spending, and less reliance on domestic investment and exports. Those goals are highly complementary and mutually reinforcing, creating opportunities that should not be missed.

Lucio Blanco Pitlo III compares China's One Belt, One Road (OBOR) initiative with the U.S.'s Rebalance to Asia, ultimately advising that for the U.S. to be seen as not reacting to China's growing regional influence, it would need a better appreciation of the security needs, growing aspirations, and economic demands of rising powers.

China now seeks to export its excess industrial capacity as a means to cope with its economic troubles. The problem is that China is trying to export its way out a local crisis caused in large part by a global glut of commodities. Whatever the case, we should expect Chinese foreign investment to continue to grow, spurring a commensurate rise in its political influence.

Chinese leadership’s recent engagements points to their persistent pursuit of its vision of connectivity named One Belt One Road (OBOR). New areas are now being added to the list.

The Philippine’s theme of this year's APEC Summit is “Building Inclusive Economies, Building A Better World.” Like the case for China's 2014 hosting, this 2015 agenda reflects clear Philippine domestic imperatives. As a major labor exporter, the Philippines will work well with the topic of investments in human capital development.

Far from competing with US interests, the two meetings offer blueprints for more and better cooperation with Washington in a new world order.

The new AIIB reflects China’s opportunity to assist the developing world, but how China cooperates with India, and U.S. interests in the Asia Pacific, will determine the effectiveness of the new Bank.

The China-Pakistan Economic Corridor plans connect China to the Persian Gulf through the quickest route. This huge investment can be transformational for South and Central Asia if Pakistan can improve upon its lackluster performance in FDI absorption and transparent governance.

The recent initiative provides the possibility for RMB internationalization to grow deep roots, but that global outreach could be a “double-edged sword.” Exchange-rate fluctuations will mean greater exchange risks for enterprises, but the RMB cross-border settlements could also help enterprises to hedge exchange-rate risks.

President Xi Jinping’s visit has deepened China-Russia strategic mutual trust. That improves Eurasian cooperation and boosts the preservation and reform of the post-war international order, making it fairer and more just.