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U.S.-China Economic AND Security Review Commission

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    The U.S.-China Economic and Security Review Commission is a legislative branch commission created by the United States Congress in October 2000 with the legislative mandate to monitor, investigate, and submit to Congress an annual report on the national security implications of the bilateral trade and economic relationship between the United States and the People’s Republic of China, and to provide recommendations, where appropriate, to Congress for legislative and administrative action.

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    The U.S.-China Economic and Security Review Commission is chartered to monitor, investigate, and report to Congress on the national security implications of the bilateral trade and economic relationship between the United States and the People’s Republic of China. The Commission meets its research mission by submitting to Congress an Annual Report, as well as by conducting staff-led reports, contracted research, and more.

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Hearing: China's Role in the Origins of and Response to the Global Recession

February 17, 2009


Room 562, Dirksen Senate Office Building
Delaware and Constitution Avenue, NE
Washington, DC 20510


Hearing Co-Chairs: Commissioners Michael R. Wessel and Daniel M. Slane

AGENDA

Opening Statements

  • Opening Statement of Chairman Carolyn Bartholomew [Remarks]
  • Opening Statement of Vice Chairman Larry Wortzel [Remarks]
  • Opening Statement of Commissioner Michael Wessel [Remarks]
  • Opening Statement of Commissioner Daniel M. Slane [Remarks]

Congressional Remarks

  • Senator Jim Webb (D-VA) [Statement for the Record]

Panel I: The Origins of the Financial Crisis and Link to China

  • Dr. Nicholas R. Lardy, Senior Fellow, Peterson Institute for International Economics, Washington, DC
  • Dr. Stephen S. Roach, Chairman, Morgan Stanley Asia, Hong Kong [Testimony] ( PowerPoint Charts)
  • Mr. Robert B. Cassidy, International Trade and Services Professional, Kelley Drye & Warren LLP, Washington, DC [Testimony]
    View Cassidy's Select World Currencies Chart

Panel II: China’s Short Term and Long Term Economic Goals and Prospects

  • Ms. Alexandra Harney, author of “The China Price,” Hong Kong [Testimony]
  • Mr. Gordon Chang, author of “The Coming Collapse of China,” Bedminster, NJ [Testimony]
  • Dr. Wing Thye Woo, Professor of Economics, University of California at Davis, CA, and Senior Fellow, Brookings Institution, Washington, DC [Testimony]

Panel IV: The Effect of the Crisis on the U.S.-China Economic Relationship

  • Dr. Derek Scissors, Research Fellow, The Heritage Foundation, Washington, DC [Testimony]
  • Mr. Michael Pettis, Professor of Finance, Peking University, Beijing, China [Testimony]
  • Dr. Eswar Prasad, Professor of Trade Policy, Cornell University, Ithaca, NY and Senior Fellow, Brookings Institution, Washington, DC [Testimony]
Transcript
2.17.09HearingTranscript.pdf1.9 MB

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