Us China Cooperation In A Changing Global Economy

978-0-88132-729-8, PIIE, IIE, Peterson Institute for International Economics, US-China Cooperation in a Changing Global Economy, CF40, Adam S. Posen, China-US Economic Cooperation, Policy Changes, US Fiscal Policy, US Economy, Trump Administration, Exchange Rates, Finance, International Monetary System, G-20 Cooperation, Trade and Investment, US-China Trade Disputes, wto, bilateral Investment Treaty, fdi, Trade Wars

The remarkable rise of China over the past three decades has been unprecedented in both its scale and speed. Analysts around the world have attempted to understand the causes of this unique event and to predict how long it will last. China's rise has also raised two important questions. The first concerns the stability and the sustainability of China’s growth, which has been accompanied by growing internal and external imbalances, rising inequality at home, environmental degradation and an increased risk of catastrophic climate change, and has happened in spite of the continuing, if diminished, role of the state in many sectors of the economy. The second concerns trying to guess what the effect of China’s rise will be on its relations with the rest of the region, the world and the existing global order. It seems only a matter of time until China becomes the world’s largest economy, and history suggests that it is unthinkable that this event would be without geopolitical consequences. The chapters in this volume draw on papers originally presented to the 34th Pacific Trade and Development Conference held in Beijing in 2010 to discuss these two big questions and China’s changing role in the world economy. This book will be welcomed by students and scholars of Chinese economics, business and politics, and those interested in the pervasive impact of China’s development on the global economy.

Following the success of The China Questions, a new volume of insights from top China specialists explains key issues shaping today’s US-China relationship. For decades Americans have described China as a rising power. That description no longer fits: China has already risen. What does this mean for the US-China relationship? For the global economy and international security? Seeking to clarify central issues, provide historical perspective, and demystify stereotypes, Maria Adele Carrai, Jennifer Rudolph, and Michael Szonyi and an exceptional group of China experts offer essential insights into the many dimensions of the world’s most important bilateral relationship. Ranging across questions of security, economics, military development, climate change, public health, science and technology, education, and the worrying flashpoints of Hong Kong, Taiwan, and Xinjiang, these concise essays provide an authoritative look at key sites of friction and potential collaboration, with an eye on where the US-China relationship may go in the future. Readers hear from leading thinkers such as James Millward on Xinjiang, Elizabeth Economy on diplomacy, Shelley Rigger on Taiwan, and Winnie Yip and William Hsiao on public health. The voices included in The China Questions 2 recognize that the US-China relationship has changed, and that the policy of engagement needs to change too. But they argue that zero-sum thinking is not the answer. Much that is good for one society is good for both—we are facing not another Cold War but rather a complex and contextually rooted mixture of conflict, competition, and cooperation that needs to be understood on its own terms.

This book considers the evolving relationship between China and the international system, and the interaction between a China of profound change in its identity, capability, and influence, and an international system that is itself experiencing a process of far-reaching transformation. It develops an analytical framework that allows us to capture, understand and explain a more dynamic pattern of agent-structure interaction in China’s relationship with the international system. By demonstrating a more dynamic and mutually constitutive relationship between China and the international system, the book explores the extent to which both transform themselves in the process, and provides a fuller and more effective assessment of the evolving nature of the relationship. In doing so, it addresses key issues in the current literature on the relationship of China and the international system, and helps close the gap in our knowledge of the conditions and consequences of change and stability in the international system as a result of the change in distributions of power, capability and influence among nation-states.

This work analyses the implications for world trade of China's entry into the World Trade Organization. It has taken fifteen long years of dialogue and heated debate and it will take its place among the other members at the end of 2001. This momentous event is relayed by the next WTO Chairman.

" Assessing China's rapidly changing role on the international stage China is again undergoing a period of significant transition. Internally, China's leaders are addressing challenges to the economy and other domestic issues after three decades of dramatic growth and reforms. President Xi Jinping and other leaders also are refashioning foreign policy to better fit what they see as China's place in the world. This has included a more proactive approach to trade and related international economic affairs, a more vigorous approach to security matters, and a more focused engagement on international cultural and educational affairs. In this volume, China specialists from around the world explore key issues raised by a changing China’s interaction with a changing world. They chronicle China’s emergence as a more capable actor whose engagement is reshaping international affairs in many dimensions. These include: global currency and trading systems; patterns of cooperation and competition in technological innovation; economic and political trends in the developing world; the American-led security order in the Asia-Pacific region; the practice of international military and humanitarian intervention; the use of naval power; the role of international law in persistent territorial and maritime disputes in the East and South China Seas; the international human rights regime; the circulation of Chinese talent trained abroad; a more globalized film industry; and programs to reshape global cultural awareness about China through educational initiatives. Across these diverse areas, China’s capacity—and desire—to influence events and outcomes have risen markedly. The results so far are mixed, and the future trajectory remains uncertain. But across the wide range of issues addressed in this book, China has become a major and likely an enduring participant. "

This book seeks offers accounts of the ways in which Chinese engagement with Latin America will shape the regional and global order with impacts for development, peace, and equity. It also pays close attention to the traditional role played by the USA in the region, how China differs, and the increasingly triangular relationship between the USA, China, and Latin American countries. The contributors analyze various economic dimensions, including trade, infrastructure, and finance, and the historical, sectoral, regional, and national stories seek to change the narrative on China-Latin American relations. In particular, the book argues that there are opportunities for international cooperation to secure gains in the region, but only if the US and China alter their behavior and Latin American countries work collectively and in more coordinated fashion. Together, the chapters offer coherent social science analysis, policy frameworks, and empirical detail to understand and navigate increased Chinese engagement with Latin America.

China's growing economic involvement in Sub-Saharan Africa and Latin America has been a source of major controversy. The official Chinese position maintains that the growth of bilateral relations is of mutual benefit and provides a good example of South-South cooperation. Critics on the other hand see the economic relations between China and other developing countries as highly unequal with most of the benefits accruing to China and a few local elites. They also point to negative socio-economic, political, and environmental consequences. How China is Reshaping the Global Economy: Development Impacts in Africa and Latin-America throws more light on these controversies through a comparative study of China's impact on the two regions. It looks not just at bilateral relations between China and the two regions but also analyses the changes in the global economy brought about as a result of the shift in economic activity from North America and Western Europe to Asia. This book looks at the factors which led to rapid economic growth in China and the way in which this has affected global manufacturing, commodity markets, the international presence of Chinese companies, and financial glows. It examines the different forms of Chinese economic involvement in Sub-Saharan Africa and Latin America, the main drivers, and economic, social, political, and environmental consequences. It ends with a comparison of the two regions that highlights the importance of different histories and political and institutional contexts in determining the impacts of China. Since the first edition of How China is Reshaping the Global Economy: Development Impacts in Africa and Latin-America, China's role in the global economy has continued to expand and the Chinese government's foreign policy has become more assertive. The global presence of China has been marked by the expansion of the Belt and Road Initiative to almost 150 countries and the trade-war between the US and China, as well as increased Western concerns over the activities of major Chinese companies such as Huawei. This new edition documents these changes and their implications for SSA and LAC.