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US-China Economic Relations: From Conflict to Solutions—Part II

Author

Listed:
  • Adam S. Posen

    (Peterson Institute for International Economics)

  • Jiming Ha

    (China Finance 40 Forum)

Abstract

Outright trade war between the world's two largest economies would be devastating to the working people of both countries, as well as destructive to the future of the entire world economy. The costs of conflict between China and the United States far outweigh the current causes of dispute in their economic relationship. These costs would be both direct, in terms of short-term losses of growth and employment, and indirect, in terms of long-term damage to the world trading system, diminishing investment and efficiency. There are points of genuine dispute between the United States and China over their economic interaction. Even if their economic significance is often exaggerated, these are legitimate points of contention and have to be addressed in a constructive manner. The analyses in this volume aim to contribute to a more reality-based consideration of both countries' enlightened self-interests, which would yield progress on points of dispute in a manner consistent with keeping the world economy open for business.

Suggested Citation

  • Adam S. Posen & Jiming Ha, . "US-China Economic Relations: From Conflict to Solutions—Part II," PIIE Briefings, Peterson Institute for International Economics, number PIIEB19-1, August.
    • Handle: RePEc:iie:piiebs:piieb19-1
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    Cited by:

    1. Gunther Schnabl, 2019. "China's Overinvestment and International Trade Conflicts," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 27(5), pages 37-62, September.
    2. Gu, Xin & Zhang, Weiqiang & Cheng, Sang, 2021. "How do investors in Chinese stock market react to external uncertainty? An event study to the Sino-US disputes," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).

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