Senior Fellow, China Construction Bank Research Institute
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.
Nov 03, 2014
As the APEC leaders meeting in Beijing approaches, Yu Xiang examines current free trade negotiations and discusses why the United States and China should merge their regional agreements to boost economic relations between the world’s two largest economies.
Sep 19, 2014
Are China’s investigative probes into foreign companies selective and rooted in protectionism? Yu Xiang refutes these claims and explains how China’s antitrust legislation and enforcement has developed since its inception in 2008.
Sep 03, 2014
Can cooperation on big data technology help improve Sino-U.S. relations? Yu Xiang examines this emerging sector and describes how cooperation on this issue could reduce tensions in other areas, like cyber-espionage.