U.S.-China Economic and Security Review Commission, "Hearing: U.S. Debt to China: Implications and Repercussions," February 25, 2010

February 25, 2010
Room 562 Dirksen Senate Office Building
First Street and Constitution Avenue, NE
Washington, DC 20510

Hearing Co-Chairs: Commissioners Michael R. Wessel and Robin Cleveland

Commissioners’ Opening Statements
Opening Statement of Commissioner Michael R. Wessel
Opening Statement of Commissioner Robin Cleveland

Panel I: China’s Lending Activities and U.S. Debt
Mr. Clyde V. Prestowitz, President, Economic Strategy Institute, Washington, DC
Dr. Simon Johnson, Professor of Global Economics and Management, Massachusetts Institute of Technology, Cambridge, MA

Congressional Perspectives
Congressman Frank R. Wolf (R-Virginia)

Panel II: China’s Current Holdings of U.S. Debt and Other Securities and the Implications for American Businesses and the Economy
Dr. Derek Scissors, Research Fellow, The Heritage Foundation, Washington, DC
Mr. Leo Hindery, Jr., Managing Partner, InterMedia Partners VII LP, Washington, DC

Panel III: Political, Diplomatic, and Security Implications of U.S. Debt to China
Dr. Eswar Prasad, Nandlal P. Tolani Professor of Trade Policy, Cornell University, Ithaca, NY, and Senior Fellow, Brookings Institution, Washington, DC
Dr. Daniel W. Drezner, Professor of International Politics, The Fletcher School, Tufts University, Medford, MA