Announcements

09/02/2016
Highlights of this Month’s Edition: • Bilateral trade: The U.S. goods deficit with China continued to slow in July as growth in U.S. imports from China declined. • Bilateral policy issues: China hopes the G20 meeting focuses on maintaining economic growth and mobilizing funding for climate change and environmentally friendly growth. • Policy trends in China’s economy: The IMF warns of China’s rising debt levels in a new report; State Council approves plans for a Shenzhen-Hong Kong Stock Connect; China launches a $30 billion government-backed venture capital fund for industrial technology and pilots a limited program to allow SOE employees to own stocks. • Sector focus – Chinese distant water fishing: China’s distant water fishing fleet propped up by government subsidies that encourage excess capacity and overfishing, harming biodiversity.
08/08/2016
Highlights of this Month’s Edition: • Bilateral trade: Weaker imports cause the U.S. goods deficit with China to fall 5.7 percent year-on-year in the first half of 2016; U.S. service exports to China reach record high, buoyed by high Chinese tourism spending in the United States. • Bilateral policy issues: The United States and the EU fault China for lack of transparency at the WTO and cite concerns over delayed Chinese economic reform; the United States argues against granting China automatic market economy status in December; USTR is challenging China’s raw materials export restrictions at the WTO. • Quarterly review of China’s economy: In the second quarter of 2016, GDP growth held steady from the previous quarter at 6.7 percent as Beijing again turned to stimulus measures to boost the economy. • Policy trends in China’s economy: Chinese government approves debt-for-equity swap trials despite reservations from major banks; news portals shut down for violating China’s original news reporting prohibition. • Sector focus – Market barriers to U.S. drugs, medical devices, and medical services: China’s aging population drives expansion in the health industry, but numerous market barriers limit access for U.S. firms.
08/01/2016
A U.S.-China Bilateral Investment Treaty (BIT) is unique among other existing BITs insofar as it will have to balance the interests of two world powers that are both capital-importing and capital-exporting nations. It will not only determine future investment relations between the world’s two biggest economies, but will also set the precedent for U.S. investment relations with other major developing countries. While a U.S.-China BIT could potentially unlock sizable benefits, a number of significant challenges—many of which are unique to China’s involvement—complicate the debates around a prospective U.S.-China BIT. This report briefly summarizes each country’s history with BITs, identifies potential challenges in moving forward with negotiations, and highlights potential implications of the U.S.-China BIT for the United States. Drawing on the 2012 U.S. Model BIT, the evolution of China’s BIT practice, and China’s 2012 BIT with Canada, this report concludes by discussing a number of questions U.S. policymakers should consider.
07/28/2016
The report provides an assessment of China’s state plans for civilian and defense-related science and technology, industrial, and energy development and their economic and security implications for the United States. The authors are Tai Ming Cheung, Thomas Mahnken, Deborah Seligsohn, Kevin Pollpeter, Eric Anderson, and Fan Yang, writing for the University of California Institute on Global Conflict and Cooperation.
07/28/2016
The report provides an assessment of China’s state plans for civilian and defense-related science and technology, industrial, and energy development and their economic and security implications for the United States. The authors are Tai Ming Cheung, Thomas Mahnken, Deborah Seligsohn, Kevin Pollpeter, Eric Anderson, and Fan Yang, writing for the University of California Institute on Global Conflict and Cooperation.
07/25/2016
Chinese tourism to the United States has expanded rapidly over the past ten years. From 2005 to 2015, Chinese tourism spending in the United States has increased eight-fold, and in 2015 contributed $27 billion to the U.S. economy. Today, tourism constitutes a significant part of the United States’ exports to China, making up 57 percent of U.S. service exports to China in 2015 and 12 percent of U.S. exports to China overall. This increase has been driven by rising Chinese incomes which have made China the largest source of international tourists in the world. While many Chinese travel to the United States for traditional tourism, an increasing number of Chinese students travel to the United States for secondary and tertiary education, with China now contributing more students to the United States than any other country. As Chinese tourism has increased, Chinese investment in U.S. hotels and hospitality facilities has grown by a factor of 9 from 2013 to 2015 following looser Chinese rules on outbound investment. This paper examines the rise in Chinese tourism to the United States and Chinese investment in the U.S. hospitality sector and the consequences of these trends for the United States.

Pages

Tags

Cloud Computing Cyber Cyberspace Economic Economics International Law Security Trade Bulletin Trade Data