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Tensions over Trade: Part 2 of Election '08 and the Challenge of China

China is America's largest overseas trading partner and is has the world's fastest growing large economy. This is the second part of the USC U.S.-China Institute's documentary on the 2008 election and U.S.-China relations.
October 6, 2008
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Every American consumer knows how prominent Chinese goods have become in American stores. In 2007, the U.S. imported goods worth $256 billion more than it exported. Many of these products wear famous American brand names. In 2007 and again this fall, product safety issues have emerged. This segment addresses these issues and others, including China’s massive (over $500 billion) investment in America’s national debt and working conditions.

Introduction by Provost C.L. Max Nikias

 

This video is also available on the USCI YouTube Channel.

Speakers in this segment include: 

Jeffrey Bader, director, John Thornton China Center, Brookings Institution and advisor to Barack Obama; former Deputy Assistant Secretary of State for East Asia, Director of Asian Affairs, National Security Council, Assistant Trade Representative for China, Hong Kong, and Taiwan

Jeffrey Fielder, labor activist; formerly of the U.S.-China Economic and Security Review Commission

John Frisbie, president, U.S.-China Business Council

John Engler, president, National Association of Manufacturers; formerly governor of Michigan

J. Stapleton Roy, managing director, Kissinger Associates and director of the Kissinger Institute on China and the United States at the Woodrow Wilson Center, former Ambassador to China and Assistant Secretary of State for Intelligence and Research

Additional Resources:

Documents

US Treasury Secretary Henry Paulson, “Opening Statement, Fourth Round of US-China Strategic Dialogue,” June 17, 2008

Special US Treasury Envoy Alan Holmer, “Sustaining Economic Growth,” May 21, 2008

U.S. Asst. Secretary of State Daniel Sullivan, “U.S.-China Energy Policy: Toward Closer International Partnerships,” May 20, 2008

David McCormick, U.S. Treasury Undersecretary, "Global Financial Turmoil and its Implications for China," May 9, 2008

U.S.-China Economic and Security Review Commission, “Hearing on the Implications of Sovereign Wealth Fund Investments for National Security,” Feb. 7, 2008

David McCormack, US Treasury Under Secretary, U.S.-China Economic Engagement: The Road to Faster, Deeper Reform, 2008

Congressional Research Service, “China’s Sovereign Wealth Fund,” January 22, 2008

State Council, “China’s Energy Conditions and Policies,” Dec. 26, 2007

Congressional Research Service, "Food and Agricultural Imports from China," 2007

Congressional Research Service, "China's Economic Conditions," 2007

Congressional Research Service, "China-U.S. Trade Issues," 2007

Congressional Research Service, "China's Currency: A Summary of the Economic Issues," 2007

Sen. Evan Bayh, "Trade Imbalance with China," May 23, 2007

U.S. Deputy Secretary of State John Negroponte, "The Future of Political, Economic and Security Relations with China," May 1, 2007

U.S. Trade Representative, "2006 Report to Congress on China's WTO Compliance"

PRC Deputy Premier Wu Yi, "China's Development Road," December 14, 2006

US Trade Representative, "U.S.-China Trade Relations: Entering a New Phase of Greater Accountability and Enforcement, A Top to Bottom Review," February 2006

Agencies/Organizations

Peking University, China Center for Economic Research

PRC Ministry of Commerce, English / Chinese

U.S. Department of Commerce, China Business Information Center

U.S. Department of the Treasury, U.S.-China Strategic Economic Dialogue

U.S. Trade Representative, China Affairs

U.S.-China Business Council

World Bank, China

Studies

Robert E. Scott, "The China Trade Toll," July 30, 2008

Albert Keidel, "China's Economic Rise -- Fact and Fiction," July 2008

Morris Goldstein and Nicholas Lardy, eds., Debating China's Exchange Rate Policy, April 2008

 

Gary Clyde Hufbauer, Yee Wong, and Ketki Sheth, US-China Trade Disputes: Rising Tide, Rising Stakes, August 2006

Nicholas Lardy, "Do China's Abusive Labor Practices Encourage Outsourcing and Drive Down American Wages?," March 29, 2004

USCI and US-China Today articles

Lucas Rubio, "Have You Seen Me Yet? (Olympic Advertising), August 11, 2008

Tian Sun, "It's a Much Smaller World After All (Disney in Hong Kong), August 11, 2008

Yao Xu, "Chinese Outbound Tourism Soars," August 11, 2008

Carson Block, "Commentary: Expect Lengthy Negotiations When Doing Business in China, June 20, 2008

Alison Carroll, "Commentary: Toward a Fuller Understanding of Business Risks in China, June 20, 2008

Beckie Lowenstein, "Southern California Ports Handle the Bulk of U.S.-China Trade," March 7, 2008

Jinglei Zhang and Connor Gants, "Making a Name for Themselves," March 7, 2008

Aaron Wong, "Working Conditions in China Draw Scrutiny," March 7, 2008

Jonathon Chow, "China's Booming Property Market," November 8, 2007

Aaron Wong, "Mending 'Made in China,'" November 9, 2007

Herbert Klein, "Can China Make Its Exports Safe?," September 21, 2007

Joshua Goldstein, "China's International Recycling Trade," August 29, 2007

Please contact Clayton Dube at the USC U.S.-China Institute (1-213-821-4382 or cdube@usc.edu) with questions about the documentary and its themes or screening inquiries. The documentary is also available at the USC U.S.-China Institute’s channel at YouTube.

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Events

October 24, 2018 - 5:30pm
Los Angeles, California

Please join the USC U.S.-China Institute for the screening of Better Angels (善良的天使), a documentary film written and directed by two-time Academy Award winner Malcolm Clarke. Post-screening discussion will be with Clarke, co-executive producer David Dreier, and producers William Mundell and Han Yi. 

October 28, 2018 - 10:00am
Hollywood, California

Please join the USC U.S.-China Institute and the International Culture Collaborative at the 2018 US-China Television & Film Innovation Summit on October 28.