The “New Era,” a term introduced by President Xi Jinping, may also be identified as the Xi Era, during which China will be transformed from a moderately well-off to a strong and wealthy nation. In the new era, the Chinese Government will undertake to deepen economic reform, widen economic...

There are both global and local challenges for Taiwan during the next several decades. Taiwan must think, plan, and act long-term. It must adopt a rational and sustainable strategy that takes into account changes in the world (for example, the rise of the Mainland), focuses on its own long-term...

It is in the long-term interests of both the EU and China to encourage innovation collaboration. Transnational innovation networks or ecosystems can boost innovation outcomes for both sides. European and Chinese leaders should encourage an open mindset among policymakers, businesses, researchers...

The objective of this study is to estimate the extent of the benefits to U.S. consumers that may be attributable to access to imported consumer goods from China. Imported consumer goods can keep the levels and rates of increases of the prices of consumer goods in the U.S. low, thus benefitting...

The objective of this paper is to identify the common factors that enable the East Asian economies to become developed in the post-World War II period. The East Asian economies have been able to take advantage of the open global economy. They all have sound economic fundamentals — a high...

Reducing the U.S.-China trade deficit through the imposition of tariffs on Chinese exports to the U.S. risks retaliatory tariffs by China. The net result may be an involuntary reduction of trade between them, which lowers the aggregate welfare in both countries. It will be lose-lose. Moreover,...

What are the impacts of the current China-U.S. trade war on the Chinese economy? An analysis shows that while the immediate direct impacts on the Chinese economy are certainly negative, they are small in real terms, affecting less than 0.5 percent of Chinese GDP, and quite manageable. The full...

The Chinese economy is in the midst of a process of transition to a “New Normal”, with slower growth of real GDP, international trade and investment. China has a very high domestic saving rate and hence significant excess savings. Its outbound direct investment has surpassed its inbound...

We study the relationship between international migration and foreign direct investment (FDI), differentiating between the two modes of entry: Greenfield FDI and cross-border mergers and acquisitions (M&A). Each mode may face different formal and informal information barriers, from regulations,...

Significant differences exist between official Chinese and U.S. trade statistics on the magnitudes of the China-U.S. trade balance in goods as well as in goods and services. These differences arise from a number of factors. First, the convention that exports of goods are measured on an FOB (free...