China-US Trade War and Trade Talk

This book focuses on the current tension between China and the US on trade imbalance and discusses Chinäs 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, Chinäs non-market economy status, the impact of China-US bilateral investment treaties on Chinäs manufacturing sectors, and the estimated welfare losses and gains resulting from the China-US trade war. Part II explores Chinäs possible response and development strategy in the context of de-globalization. Based on an overview of Chinäs 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 Chinäs miraculous economic growth so as to foster a better understanding of Chinäs experience of opening up over the past 4 decades.