Dr. Zhang Lijuan is a professor at School of Economics, Shandong University. Her current research fields are World Economy, Trade Policy, Commercial Diplomacy, US-China Relations.
With the world still feeling the effects of the global economic crisis, the upcoming G20 conference in China could be significant in rebuilding global governance.
American trading policy toward China has traditionally been politicized, arguing a tougher stance on China. However, shifting this argument from one of blame to mutual gain would be better for all involved.
A very challenging task though, policymakers in Beijing are discussing the framework for China's future economic development by way of the country's 13th Five-Year Plan.
The proposed Trans-Pacific Partnership is seen by many as a somewhat contentious American geopolitical initiative. How will China's inclusion or exclusion affect the country's economy in future?
After thirty years of an "open door policy," China may have to balance "free" and "fair" in a total overhaul of its trade policy as it looks toward the "new normal" economy.
The rebalancing and restructuring of China's economy toward a "new normal" will prove helpful to sustaining an increasingly interdependent global economy that faces a host of daunting new problems.