Alicia Garcia Herrero
Senior Fellow, Bruegel
May 14 , 2019
The outcome of the US-China trade war is anticipated to be quite different from the experience of Japan in the 1980s and 1990s, due to China’s relatively lower dependence on the US and having learned from Japan’s experience.
Feb 22 , 2019
Despite the pause in the US-China trade war, the US and China are strategic competitors, and will continue to be so for the foreseeable future. China realizes that there is little room to settle long-term disputes and, as a result has shifted towards a strategy that focuses on sustaining growth at any cost, expanding alliances, and advancing its technology.
May 02 , 2018
If China’s moves towards financial opening did not soften the U.S. administration’s stance toward China after President Trump’s visit last year, why would this year’s Boao Forum speech, containing mostly old ideas, be any different?
Mar 08 , 2018
China watchers were looking for signals of economic reform at the recent Central Committee meeting. The meeting introduced relevant amendments to China’s Constitution, the first since 2004. Alicia Garcia Herrero analyzes the possible impact of these amendments on China’s economic reform process.
Feb 21 , 2017
While 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.
Nov 24 , 2016
It is too early to say what the Trump administration’s trade policy will look like – but a total cut-off from Asian partners is unlikely. It would harm the US economy, and offer China even more scope to cement its position in Asia. Nevertheless, with TPP and TTIP both looking unlikely, the EU should move fast to build relationships with China and ASEAN countries.