Happy Lunar New Year from the USC US-China Institute!
U.S.-China Trade Imbalance: The Debate on Its Causes and Solutions
Breakfast session at New York's China Institute.
Where
China’s trade surplus continued to surge in 2006 reaching $117.5 billion, a 74% growth over the same period in 2005. According to U.S. statistics, the January to November trade deficit of $214 billion set a new historical record. This lecture uncovers the rationale behind plain figures. Panelists provide the context for the larger discussion through their debate on whether the current trade imbalance is due to unilateral causes or if it is an inevitable feature of the global labor division chain. Also explored are issues such as the explanation for the Washington -- Beijing measurement gap, the effectiveness of the policy of "unpegging yuan" in balancing trade, and whether currency revaluation will set the stage for a series of domino effects on China’s international monetary policy, the growth and stability of Asia, and the globalized world economy.
Invited speakers include:
Senior Economist, Federal Reserve Bank of New York
Senior Representative, Hong Kong Economic & Trade Office in New York.
Featured Articles
We note the passing of many prominent individuals who played some role in U.S.-China affairs, whether in politics, economics or in helping people in one place understand the other.
Events
Ying Zhu looks at new developments for Chinese and global streaming services.
David Zweig examines China's talent recruitment efforts, particularly towards those scientists and engineers who left China for further study. U.S. universities, labs and companies have long brought in talent from China. Are such people still welcome?