| Edition |
First edition. |
| Description |
1 online resource (xxii, 191 pages) : color illustrations |
| Physical Medium |
polychrome |
| Description |
text file |
| Note |
Errata slip inserted. |
| Bibliography |
Includes bibliographical references (pages 189-191). |
| Summary |
Some believe in the "Thucydides Trap": the idea that, since a rising power will challenge the dominance of an established one, a China-U.S. trade war will be inevitable. Being the largest and the second largest trading nations globally, the U.S. and China are in fact each other's most important trading partners, among many aspects of their complex interrelationships. In this book, Lawrence J. Lau examines various economic statistics of the past few decades to show that while the real effects of the China-U.S. trade war in 2018 are not negligible, they are relatively manageable for both nations. There is no need to panic, despite psychological effects on the Chinese stock markets and on the renminbi exchange rate. Behind the trade war is the potential economic and technological competition between China and the U.S., which is likely to become the "new normal." It is up to each government to battle against the rise of xenophobia, based on the fact that China-U.S. economic collaboration is a potentially positive-sum game through better coordination and fully utilizing each other's currently underutilized resources. Balancing China-U.S. trade and enhancing economic interdependence are not only possible, but desirable. -- Provided by publisher. |
| Contents |
Foreword / by Tung Chee-Hwa -- part I. Understanding the trade war : history, facts and potential impacts. Historical highlights of China-U.S. relations -- The reality of the China-U.S. trade balance -- How serious are the impacts? -- part II. Competitors and partners : challenges and opportunities for China and the U.S. Economic complementarities -- Economic competition -- Why is there a technological gap? -- Enhancing mutual economic interdependence -- part III. Beyond the trade war. The long-term forces at work -- The way forward. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
China -- Foreign economic relations -- United States.
|
|
China. |
|
International economic relations. |
|
United States. |
|
United States -- Foreign economic relations -- China.
|
| Genre/Form |
Electronic books.
|
| Added Title |
China-United States trade war and future economic relations |
| Other Form: |
Print version: Lau, Lawrence J., 1944- China-U.S. trade war and future economic relations. First edition. Hong Kong : The Chinese University Press, 2019 9789882371125 (OCoLC)1078995200 |
| ISBN |
9789882377851 (electronic book) |
|
9882377858 (electronic book) |
|
9789882377813 |
|
9882377815 |
|
9789882371125 |
|
9882371124 |
|
9789882370951 |
|
9882370950 |
|
