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

Format:

Book

Author/Creator:

Lau, Lawrence J., 1944- author.

Language:

English

Subjects (All):

United States--Foreign economic relations--China.

China--Foreign economic relations--United States.

Physical Description:

1 online resource (1 PDF (xxii, 191 pages) :) color illustrations

Manufacture:

Baltimore, Md. : Project MUSE, 2019

Place of Publication:

Baltimore, Maryland : Project Muse, 2019

Summary:

The relation between China and the United States is arguably the most important bilateral relation in the world today. The U.S. and China are respectively the largest and the second largest economies in the world. They are also respectively the largest and the second largest trading nations in the world as well as each other's most important trading partner. If China and the U.S. work together as partners towards a common goal, many things are possible. However, there exist significant friction and potential conflict in their economic relations. The large and persistent U.S.-China bilateral trade deficit is one of the problems. It is essential to know the true state of the China-U.S. trade balance before effective solutions can be devised to narrow the trade surplus or deficit. The impacts and potential impacts of the 2018 trade war between China and the U.S. on the two economies are analysed and discussed. The longterm forces that underlie the economic relations between the two countries beyond the 2018 trade war are examined. In this connection, how a "new type of major-power relation" between the two countries can help to keep the competition friendly and avert a war between them is explored.

Contents:

Foreword / by Tung Chee-Hwa

part I. Understanding the trade war : history, facts and potential impacts. Historical highlights of China-U.S. relations

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

How serious are the impacts?

part II. Competitors and partners : challenges and opportunities for China and the U.S. Economic complementarities

Economic competition

Why is there a technological gap?

Enhancing mutual economic interdependence

part III. Beyond the trade war. The long-term forces at work

The way forward.

Notes:

Includes bibliographical references (pages [189]-191) and index.

Description based on print version record.

ISBN:

988-237-095-0

OCLC:

1122907421