China-US Economic Relations
- Luo Xi , Assistant Research Fellow, Academic of Military Science of China
Apr 28 , 2017With economic interdependence in the era of globalization, and determination by both sides to avoid the Thucydides Trap, it is debatable that the rising power will slide into an inevitable conflict with the established power. But China’s struggle to shift from a labor-intensive economy to one driven by technology and knowledge may make other “traps” irrelevant.
- Christopher A. McNally , Professor of Political Economy, Chaminade University
Apr 19 , 2017Why has there been such a tidal change in the U.S.-Russia-China strategic triangle? The reason is simple: the United States and China are deeply enmeshed over a broad spectrum of politico-economic relations. Russia, on the other hand, is a straight forward strategic competitor and, within the international economic order, by and large a natural resource exporter.
- Despite preliminary pessimism, the Trump-Xi Summit showed greater trade pragmatism than initially expected, even though it was overshadowed by a raw display of U.S. military power.
- Li Bin , Professor, Tsinghua University
Yang Xiao , Research Fellow, China Institute of Contemporary International Relations
Apr 10 , 2017On March 31, U.S. President Donald Trump signed two executive orders to review the reasons why United States has trade deficits with some of its trading partners. The U.S.-China trade deficit is certainly an important topic of the review.
- Susan Ariel Aaronson , Research Professor of International Affairs, Elliott School of International Affairs, GWU
Kimberly Ann Elliott , Visiting Fellow, Center for Global Development
Mar 22 , 2017In a February 24th speech, U.S. President Trump made his strategy for trade policy clear. The U.S. will negotiate bilateral, rather than regional or multilateral agreements, and favor U.S. producers rather than market forces. Trump’s approach to trade policy means radical change for the world’s longtime leader of efforts to reduce global trade barriers with trade agreements.
- Last month, China commemorated the 20th anniversary of the death of Deng Xiaoping, the chief architect of the economic reform and opening up that catapulted the country to the top rungs of the global economic ladder. The anniversary comes at a time when economic openness is under threat, as the United States is now being led by a president who believes that the way to “make America great again” is to close it off from the world.
- Dan Steinbock , Founder, Difference Group
Mar 10 , 2017By the early 2020s, rivalry for innovation will accelerate between the U.S. and China. Ironically, the Trump White House has opted for a poor-economy industrial policy, whereas China has embraced a rich-economy policy.
- He Weiwen , Vice President and Senior Fellow, Center for China and Globalization
Mar 06 , 2017Since the 2008 global financial crisis, no linkages have been found between the changes in US trade deficits and exchange rates. Chinese exports have grown when global market conditions improve, even in years when the RMB was strong against the dollar.
- Harry Krejsa , Research Associate, Center for a New American Security
Mar 01 , 2017President Trump, in clinging to this narrative, promises to fight a war long past with weapons that are likely to hurt his allies as much as his supposed enemy. Hardly a vision of America being made great again.
- Zhong Wei , Professor, Beijing Normal University
Feb 28 , 2017The new US president has demonstrated his ability to act and a sense of urgency to “Make America Great Again” through a flurry of executive orders, and he will recognize that the United States and China, the two most important countries in the 21st century, can work to ensure that the American Dream and the Chinese Dream will go hand in hand with no contradiction.