China's structural overhaul to usher in era of solid economic growth.

Byline: S. Kamal Hayder Kazmi

The US economy slowed sharply in the third quarter, growing at an annualized rate of 2 percent, lower than China's 4.9 percent growth for the corresponding period. For the whole year, the gap between the world's two largest economies is expected to be further narrowed, as China's yearly growth rate will likely reach 8 percent, doubling the speed of the US' GDP growth. As always, policy makers in Beijing will continue to focus on developing the "dual engines" of consumption and investment to drive domestic demand, in addition to...