China-US Economic Relations
- Patrick Mendis , Associate-in-Research, Harvard University
Feb 16 , 2017Apart from various niches of the political and academic intelligentsia, America’s relationship with China is one that continues to be largely and mutually beneficial but misunderstood, and one that is generally swept under the carpet in favor of America’s Euro-centric view of the world.
- Lawrence Lau , Professor of Economics, the Chinese University of Hong Kong
Xikang Chen , Professor at the Academy of Mathematics and Systems Science, Chinese Academy of Sciences
Yanyan Xiong , Associate Professor of Economics, China Southeast University
Feb 22 , 2017Significant differences exist between official Chinese and U.S. trade statistics on the magnitudes of the China-U.S. trade balance in goods as well as in goods
- Alicia Garcia Herrero , Senior Fellow, Bruegel
Gary Ng ,
Feb 21 , 2017While the outcome is uncertain, it is clear that Trump’s attempt to shake up current bilateral relations between the two superpowers will be a key theme for 2017 globally. We expect that China will take a wait-and-see approach, especially in front of the 19th National Congress of the CPC later this year. However, as the U.S. shies away from multilateral or regional trade agreements, such as TPP, China will quickly fill the space.
- Matt Ferchen , Resident Scholar, Carnegie-Tsinghua Center for Global Policy
Feb 07 , 2017Even before the election of Donald Trump or Xi Jinping’s debut at the World Economic Forum in Davos, two mutually contradictory frameworks for understanding China’s international economic and geopolitical influence, one emanating from increasingly hawkish U.S. pundits and the other from China’s top leaders, had taken shape. However, by recognizing and even embracing the complexity of China’s domestic and international political economy, new opportunities for productive engagement may replace growing strategic competition.
- Barbara Hackman Franklin , 29th U.S. Secretary of Commerce, President and CEO of Barbara Franklin Enterprises
Feb 03 , 2017A trade war, such as some are predicting, harms both countries, creates uncertainty for many other countries, and is an activity that does not belong anywhere in the interconnected global world of the 21st century. I believe this will be averted. Instead, I truly believe the two presidents are pragmatic and understanding of the stakes involved, and will start a communication and negotiation process that results in wins for both countries.
- Elizabeth Muller , Executive Director, Berkeley Earth
Jan 17 , 2017With the advent of the Trump administration, many environmentalists are experiencing a sense of utter depression. President-elect Trump does not appear to agree that rapid development of renewable energy is good for the economy and the odds are that he and his Republican Congress will cancel many of the programs and incentives, such as subsidies, that were meant to promote renewables.
- Ted Galen Carpenter , Senior Fellow, Cato Institute
Jan 13 , 2017Neither China nor the United States should rationally wish to see a confrontation develop with a crucial economic partner. But we should also be aware of the limits of economic links as a restraining factor. For the first time since the rapprochement that Richard Nixon and Henry Kissinger orchestrated in the early 1970s, an incoming U.S. president seems to be considering translating the China-bashing rhetoric of a presidential campaign into actual policy.
- Derek Scissors , Resident Scholar, American Enterprise Institute
Jan 25 , 2017The full American tax reform is an enormous topic, but its impact at home is what matters, not whether the trade deficit barrows. Similarly, Beijing will respond forcefully to anything like a 35% across-the-board tariff aimed only at China. But in the case of the current BAT, China is best served by focusing on fixing its own house.
- Zhou Shijian , Senior Fellow, Tsinghua Center for US-China Relations
Jan 23 , 2017China has become a vital trading partner for the US over a long period, with bilateral commerce in 2015 reaching $598.1 billion, accounting for 16% of US foreign trade. The ensuing US trade deficit with China cannot be blamed on – or controlled by –currency exchange rates, and the new administration must think more broadly as it shapes its economic policy.
- Wang Yiwei , Senior Research Fellow, Center for China and Globalization
Jan 17 , 2017The United States is neighbor to all countries in the world, and including it in the Belt and Road development would promote American interests as well as contributing to global growth and stability. China should take active steps to win the support of the US government and enterprises as well as its people.