With the world economy recovering from crisis, enduring weaknesses remain and major economies are exploring paths of their own. In a complex and volatile international environment where the speed of economic growth is shifting down, China's economy is entering a "new normal" phase and global financial policy coordination since the financial crisis has come to an end. Geopolitical risks are rising. The world is not flat, so it is time to get a sense of the fluctuations. Continuous reform has been put into practice in an orderly sequence: comprehensive advancement of the rule of law, persistence in the anti-corruption drive and breakthroughs in reforms of state-owned enterprises, land, finance, taxation and financial liberalization. Though the reform benefits are highly anticipated, there is still a long road ahead. How will China draw value from overseas investments and establish a strategic layout that is commercially sustainable and politically friendly?