Professor Christopher Bovis, Professor of International and European Business Law, Hull University Business School. [File photo]

Christopher Bovis, Professor of International and European Business Law, Hull University Business School

The biggest obstacle in China's continuous reform agenda since joining to the World Trade Organization is reciprocal market access. The Chinese economy represents one of the most comprehensive markets in the world. USA certainly wishes to have better access, as well as enhanced opportunities in certain strategic sectors, such as energy, defense, utilities and infrastructure.

The Chinese economy and its growth patterns represent a prelude to the world economic performance in terms of future demand for products and services. The biggest challenge for this decade is to maintain a sustainable economic growth performance, amidst of uncertainty over energy prices.