The China-U.S. Trade War and Future Economic Relations / Lawrence Juenyee Lau.

Format:

Book

Author/Creator:

Lau, Lawrence Juenyee, author.

Language:

English

Subjects (All):

International economic relations.

Physical Description:

1 online resource (191 pages)

Edition:

First edition.

Place of Publication:

Sha Tin, Hong Kong : The Chinese University Press, [2019]

Summary:

The US and China are in fact each other's most important partner in trade among many aspects. In this book, Lau looks through various economic statistics of the past few decades and shows us that while the real effects of the China-US trade war in 2018 are not negligible, they are relatively manageable for both nations. Some people might believe in the 'Thucydides Trap' that, as a rising power challenges the dominance of an established power, a China-U.S. trade war will be inevitable. Being the largest and the second largest trading nations globally, the U.S. and China are, in fact, each other's most important partner in trade. In this book, Lau looks through various economic statistics of the past few decades and shows us that while the real effects of the China-U.S. trade war in 2018 are not negligible, they are relatively manageable for both nations. There is no need to panic despite psychological effects on the Chinese stock markets and on the Renminbi exchange rate. Behind the trade war is the potential economic and technological competition between China and the U.S., which is likely to become the 'new normal'. It is up to each government battle against the rise of xenophobia, with the facts that China-U.S. economic collaboration is a potentially positive-sum game through better coordination and fully utilising each other's currently underutilised resources. Balancing China-U.S. trade and enhancing economic interdependence is actually possible

Contents:

Foreword / by Tung Chee-Hwa

Preface

1. Introduction

Part I. Understanding the trade war : history, facts and potential impacts

2. Historical highlights of China-U.S. relations

3. The reality of the China-U.S. trade balance

4. How serious are the impacts?

Part II. Competitors and partners : challenges and opportunities for China and the U.S.

5. Economic complementarities

6. Economic competition

7. Why is there a technological gap?

8. Enhancing mutual economic interdependence

Part III. Beyond the trade war

9. The long-term forces at work

10. The way forward.

Notes:

Description based on print version record.

ISBN:

9789882377851

9882377858

OCLC:

1227051587