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  • © 2020

China-US Trade War and Trade Talk

Authors:

  • Provides a solid analysis of the causes and potential welfare impacts of the current China-US trade war and trade talks

  • Analyzes China’s success in developing its opening-up strategy, based on comprehensive empirical evidence

  • Offers numerous policy suggestions for China’s broadening opening-up strategy for future development

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eBook USD 109.00
Price excludes VAT (USA)
  • ISBN: 978-981-15-3785-1
  • Instant PDF download
  • Readable on all devices
  • Own it forever
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  • Tax calculation will be finalised during checkout
Softcover Book USD 149.99
Price excludes VAT (USA)
Hardcover Book USD 149.99
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Table of contents (38 chapters)

  1. Front Matter

    Pages i-xi
  2. Columns and Media

    1. Front Matter

      Pages 197-197
    2. Trade Talk

      • Miaojie Yu
      Pages 199-204

About this book

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.

Keywords

  • China-U.S. Trade War
  • Trade Liberalization
  • Tariff
  • Protectionism
  • Gains From Trade
  • Opening-Up
  • Belt And Road Initiative
  • Outward Foreign Direct Investment
  • Free Trade Port
  • Processing Trade

Reviews

“China’s tremendous growth over the past several decades has greatly expanded its role in the world economy. Neighboring countries in Asia, those in Africa, as well as in Europe and the United States are all tied to China through global production chains. Professor Yu Miaojie provides us with an insightful analysis of how this system has evolved and how it is being challenged by the trade war with the United States. These topics are important to all those interested in the state of the world economy and in what the future might bring.” (Robert C. Feenstra, Distinguished Professor, University of California, Davis)

“Professor Yu has produced a masterful account of the economics underlying the US-China trade conflict. Central to the trade tensions are asymmetric flows of trade and capital between the countries. This timely book unpacks these flows and provides a thorough analysis of how these imbalances arose and how an unsuccessful resolution of the conflict would affect China, the US and the rest of the world. It is essential reading for those who want to understand the origins and possible future directions of the trade war.” (Gordon Hanson, Peter Wertheim Professor, Harvard University)

“This objective and authoritative study of current US-China trade conflict is a must read for anyone who wants to understand the roots and likely evolutions of one of the most important issues in our time.” (Justin Yifu Lin, Chair Professor, Peking University; Former Chief Economist, the World Bank)

“With tempers flaring on both sides of the Pacific and a China-US trade war rearing its ugly head, it is time to step beyond the rhetoric and listen to the voices of reason. Professor Yu is one of those rare voices. Trained in the United States and senior faculty at China’s premier Peking University, he has established himself as China’s leading authority on international trade and the current China-US trade war. In a series of essays, he puts the current trade war in context and provides a way past the rhetoric and towards dialogue.” (Daniel Trefler, J. Douglas & Ruth Grant Chair Professor, University of Toronto)

“This is the book on China trade that every China-watcher and every trade economist keeps on her book shelf.  The book not only gives a comprehensive analytical account of China’s transformation from an autarkic economy to a major world trader, it also covers the still-ongoing US-China trade war and the ambitious Belt-Road Initiative, and speculates insightfully on the internationalization of the RMB. A first-class book by a first-class economist.” (Wing Thye Woo, Distinguished Professor, University of California, Davis & Research Professor, Sunway University, Kuala Lumpur)

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Authors and Affiliations

  • China Center for Economic Research (CCER), National School of Development (NSD), Peking University, Beijing, China

    Miaojie Yu

About the author

Professor Miaojie Yu is University Liberal-Art Chair Professor and Deputy Dean of National School of Development (NSD), Peking University. He is a Chang-Jiang Scholar of Ministry of Education of China, and is awarded as China’s National Science Fund for Distinguished Young Scholars. Professor Yu’s research includes international trade and Chinese economy. He has published more than 100 peer-reviewed papers and 10 books in English and Chinese, and won the prize of Royal Economic Society (2015).

Bibliographic Information

  • Book Title: China-US Trade War and Trade Talk

  • Authors: Miaojie Yu

  • DOI: https://doi.org/10.1007/978-981-15-3785-1

  • Publisher: Springer Singapore

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: Springer Nature Singapore Pte Ltd. 2020

  • Hardcover ISBN: 978-981-15-3784-4

  • Softcover ISBN: 978-981-15-3787-5

  • eBook ISBN: 978-981-15-3785-1

  • Edition Number: 1

  • Number of Pages: XI, 274

  • Number of Illustrations: 8 b/w illustrations, 27 illustrations in colour

  • Topics: International Economics, Economic Policy, Globalization

Buying options

eBook USD 109.00
Price excludes VAT (USA)
  • ISBN: 978-981-15-3785-1
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 149.99
Price excludes VAT (USA)
Hardcover Book USD 149.99
Price excludes VAT (USA)