By 2020, it's estimated more than 200 million Chinese will go overseas - double the number that did so last year. "It has been one of the biggest dreams for Chinese travelers to go outside and travel overseas," says Chen Xu, a Beijing-based researcher at the Chinese Tourism Academy, a government think-tank that studies tourism trends." And now the government has lifted restrictions on outbound travel, so for more Chinese, it's much easier to travel abroad."

A group of U.S. lawmakers is seeking to overhaul the country's international news and programming broadcasts, saying they should be consistent with and supportive of the country's foreign policy objectives.  Royce said Wednesday the reorganization is necessary to bolster U.S. broadcasting in the face of growing competition from Russian, Chinese and other foreign international broadcasters.

A model apartment is opening this week at the Baccarat Hotel and Residences, a 50-story tower under development on West 53rd Street and Fifth Avenue, across from the Museum of Modern Art. Singapore-based Pontiac Land Group is joining with Goldman Sachs Group Inc. and Hines to construct a 72-story condo tower on the same block. Farther east, China Vanke Co., China’s biggest publicly traded developer, is working with Aby Rosen’s RFR Holding LLC on a 61-story building on Lexington Avenue.

Each fall, thousands of students from South Korea arrive on American campuses. They come from a culture that views education as the key to success, where mothers and fathers save to send their children overseas. Recently however, after years of robust enrollment increases, graduate applications from South Korea to American colleges have fallen off; and last year the number of South Korean undergraduates in the United States also dropped. Fewer South Koreans study in the United States now than did five years ago.

China's most celebrated sage has become the emblem of the country's soft-power drive and of its people-to-people diplomacy in Africa. Todd Balazovic reports.In Africa, it's Chinese businesspeople who sign multimillion-dollar deals, top politicians who sign major cooperation agreements and people who embody China's most famous thinker who act as cultural ambassadors.

Recent tensions over cyber espionage and the South China Sea have brought out areas of disagreement in U.S.-China relations.  And yet, even as the U.S. and China trade barbs over these issues, they are stepping up their cooperation on a problem of global significance: climate change

One topic that greatly interests Nye is the rise of China. With a fundamental reassessment of American foreign policy and military spending as it moves out of a period of intense engagement in the Middle East, the threat of China as a peer competitor has loomed large in the thoughts of American policymakers. John Mearshimer, Nye’s intellectual sparring partner, claims that this geopolitical shift eastward, and an increasingly assertive China, is bound to lead to greater tension, and an “inevitable US-Chinese conflict”.

In a "symbolic blow to U.S. global financial hegemony," China and Russia have agreed to a 30-year, $400 billion gas deal that will provide China with the energy it needs to keep its economy growing and Russia with much-needed capital. And it's all in domestic currencies, bypassing the dollar entirely. Ten years in the making, Russian President Vladimir Putin called the deal an "epochal event" and proclaimed that both countries were very satisfied with the terms.Thirty-eight billion cubic meters of gas will flow from Russia to China.