Description
This book focuses on the current tension between China and the US on trade imbalance and discusses China’s opening-up strategy in the context of this trade conflict. The book is divided into two parts. In the first part, the author presents a detailed analysis of the current state of the China-US trade relationship and describes the potential impacts of China-US trade conflicts. The topics covered in this section include the re-estimate of US trade deficit with China, China’s non-market economy status, the impact of China-US bilateral investment treaties on China’s manufacturing sectors, and the estimated welfare losses and gains resulting from the China-US trade war. Part II explores China’s possible response and development strategy in the context of de-globalization. Based on an overview of China’s three stages of economic reform and opening-up policy in the past four decades, the author discusses the future tasks that would move the country into a new stage of all-round opening up. Lastly, the book comprehensively reviews the role of processing trade, trade liberalization, and firm performance in promoting China’s miraculous economic growth so as to foster a better understanding of China’s experience of opening up over the past 4 decades.
Table of Contents
Understanding the Recent Sino-U.S. Trade Conflict.- The Status of China’s Market Economy and Structural Reforms: The Issues behind the U.S.-China Trade War.- The Day After Tomorrow: Evaluating the Burden of Trump’s Trade War.- The Potential Impact of China–US BIT on China’s Manufacturing Sectors.- China’s International Trade Development and Opening-up Policy Design over the Past Four Decades.- Three Tasks for Building an All-around Opening-up Strategy.- Expanding Opening Up: China’s Olive Branch to Globalization.- The Effect of RMB Internationalization on Belt and Road Initiative: Evidence from Bilateral Swap Agreements.- The Exceptional Performance of Chinese Outward Direct Investment Firms.- China’s Free Trade Ports: Effective Action Against the Threat of De-globalization.- Processing Trade, Trade Liberalization, and Opening-Up: China’s Miracle of International Trade.
