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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.
List 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.
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).
