Research Fellow, China Institutes of Contemporary International Relations
Jun 07 , 2017
As the president pushes the private sector to assume more of the federal government’s role in environmental protection, developing standards and related technology updating could mean new cooperation areas for business and local governments in China and the US. Green-friendly China could also become a haven for like-minded entrepreneurs in the US.
Jun 02 , 2017
The president’s overly rosy forecasts and tensions with Congress over alleged Russian meddling in last year’s US election mean a bumpy road ahead for his budget legislation. What Trump finally gets will probably a dramatically modified budget plan or an interim short-term deal that limits his administrative space.
Apr 27 , 2017
Trump’s election campaign promises and and the executive orders the new president signed after he came into the White House reveal a narrow-minded, conservative and selfish United States. It’s a startling reversal of the country’s outlook for six decades, and completely outdated.
Mar 06 , 2017
Labeling China as a currency manipulator is demonstrably baseless, but amid loose talk and wild speculation on this and other issues, a formal summit between U.S. President Trump and China’s President Xi Jinping is both important and urgent.
Jan 16 , 2017
The president-elect may be challenged more by his own Congress than by Beijing in his eagerness to confront China with the potential of a trade war. In reality, both countries benefit when they view the other in a positive light as an economic partner.
Oct 04 , 2016
Claims that the recovery is an illusion are demonstrably false, but there are pitfalls ahead that the new president and Congress must recognize, including a decline in productivity, the unconventional monetary policy and political paralysis in Washington.
Aug 15 , 2016
The economic relationship should have evolved with China and U.S. economies’ “New Normal”, but a variety of fears are in the way. The U.S. would like to decrease its reliance on consumption as the engine of growth, relying more on domestic investment and exports. China seeks more consumer spending, and less reliance on domestic investment and exports. Those goals are highly complementary and mutually reinforcing, creating opportunities that should not be missed.
Feb 16 , 2016
The US dollar’s appreciation is driven by the US economy’s recovery and the Federal Reserve’s monetary policy normalizing, not the recent turmoil in China’s stock market or its shrinking demand for oil. The US should encourage China to stick to its reform plan and introduce more of its experience on risk control and crisis management to China.
Sep 04 , 2015
Moderate growth, low inflation, low labor participation rate and a growing wealth gap will be business as usual for a considerable period of time. Fundamental, systemic changes needed for the US to breakthrough its economic doldrums are unlikely in the divided political climate from now until the 2016 elections.
Nov 28 , 2014
Xi-Obama meetings following the APEC summit helped spur new topics and commitments to bilateral cooperation, most notably with the creation of an impactful new climate treaty. Yu Xiang discusses new international issues – responding to Ebola, IS, and a military reporting mechanism – for extending Sino-U.S. cooperation.