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Commentaries by Lawrence Lau

Lawrence Lau

Ralph and Claire Landau Professor of Economics, CUHK

Lawrence J. Lau is Ralph and Claire Landau Professor of Economics, The Chinese University of Hong Kong, and Kwoh-Ting Li Professor in Economic Development, Emeritus, Stanford University.
  • Apr 16, 2018

    If there is an autonomous (unanticipated) increase in the demand for exports from the U.S. which increases the real GDP of the U.S. in the process, it is possible for the U.S. trade deficit to be reduced.

  • Mar 13, 2018

    Centralised authority and power are absolutely essential for overcoming the opposition of the local governments and the private moneyed interests and pushing forward the economic reform agenda in China.

  • Jan 30, 2018

    Recently the National Bureau of Statistics of China (NBSC) reported a rate of growth of real GDP of 6.9% for 2017, a slight increase from the 6.7% in 2016. This announcement was welcome by much of the world but it was also met with the usual skepticism in some quarters, especially because of the recent voluntary revelations by certain regions that they had been over-stating their economic data in the past.

  • Nov 08, 2017

    Mr. XI Jinping was elected the General Secretary of the Communist Party of China (CPC) at the Eighteenth Party Congress in November 2012. In the five years between the Eighteenth and the Nineteenth Party Congress, Mr. XI has accomplished a great deal.

  • Sep 13, 2017

    Professor Lau shares his insights on public debt and corporate debt in relation to the argument that China should reduce its debt in order to avoid a major drag on economic growth.

  • Sep 13, 2017

    There have been a myriad of talks about the possibility of war, specifically a trade war and the gains and losses of such a prospect. Would the Trump administration trigger a trade war and what could that entail for the two nations?

  • Sep 13, 2017

    Professor Lau outlines the benefits of a Bilateral Investment Treaty that includes a “mutual protection of investment” and “negative list.”

  • Sep 13, 2017

    In his view, there are two ways in which to reduce the trade imbalance: China reduces exports to the U.S. or the U.S. increases exports to China.

  • Sep 13, 2017

    Professor Lau discusses his research on the bilateral trade deficit and argues that the current deficit based on U.S. data of $367.4 billion is actually closer to $132.7 billion.

  • Sep 13, 2017

    Trump’s rhetoric and campaign platform on trade has become a contentious issue. Professor Lau explains the significance of Sino-American trade.

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