Since the Sino-U.S. rapprochement in the 1970s, trade between the United States and China has ballooned to over $400 billion dollars. While trade forms the bedrock of bilateral relations, significant hurdles still need to be resolved in order to further economic cooperation.
No country generates as many different economic forecasts and interpretations than China. Some analysts claim that China is an unstoppable economic power, while others warn that China’s economic growth is unstable, unbalanced, and unsustainable.
China's future role in the international community is hotly debated both inside and outside the country. It remains to be seen how China's growing public power might affect the government's foreign policy.
National economies are becoming increasingly interdependent and a fiscal policy made halfway across the world can have global reverberations. As a result, an understanding of the current investment climate in the United States requires an understanding of the global economic climate.
China’s economy— more importantly, its domestic consumption— is not as unbalanced as it first appears and is a result of the broader direction of the country’s economy.
Far from resolving America's economic woes, targeting China's currency will only result in higher prices for U.S. consumers and reduced global demand.
For the last decade South American exports of mining, agricultural, and energy commodities to China have boomed, leading countries like Argentina, Brazil, and Chile to worry about rising commodity dependency on China.
The Strategic and Economic Dialogue should be used by both China and the United States as a medium to facilitate energy and economic cooperation, overcome mounting mistrust that exists in both countries at public and government levels.
In spite of China’s high growth rates, the country still faces a number of economic challenges, from trade tensions with the West to reducing income inequality domestically.
While tensions exist in the relationship between China and Europe, enhanced bilateral cooperation would be beneficial to both sides and valuable for promoting global stability and development.