Sino-US Economic and Trade Relations in the Global Economy


September 17, 2018, 9:00 AM to 4:30 PM EDT
PIIE Webcast, Washington, DC

Keynote Speaker: Jacob J. Lew (Lindsay Goldberg)

Participants: C. Fred Bergsten (PIIE), Caroline Freund (World Bank), Gary Clyde Hufbauer (PIIE), Jiang Xiaojuan (Committee of Social Construction of the National People’s Congress), Adam S. Posen (PIIE), Xie Fuzhan (Chinese Academy of Social Sciences) and Yu Yongding (Chinese Academy of Social Sciences)

Event Summary

The Peterson Institute for International Economics (PIIE) and the Chinese Academy of Social Sciences (CASS) held a major conference on “Sino-US Economic and Trade Relations in the Global Economy” on September 17, 2018. The Honorable Jacob J. Lew, former secretary of the US Treasury and partner at Lindsay Goldberg, delivered the keynote address. Four substantive panel discussions followed on the impact of trade conflicts between the United States and China; the risks and realities of a technological race and cooperation between China and the United States, including a discussion on Made in China 2025; reform of the World Trade Organization; and how to rebuild China-US strategic trust.


8:45 – 9:00 am Registration
9:00 – 9:30 am Welcome and Introductory Remarks
Xie Fuzhan, President, Chinese Academy of Social Sciences (CASS)
Adam S. Posen, President, Peterson Institute for International Economics (PIIE)
9:30 – 10:45 am Leadoff Keynote: The Road Ahead for US-China Relations
Jacob J. Lew, former Secretary of the US Treasury | prepared remarks
10:45 am – 12:00 pm Session 1: The Impact of Trade Conflicts Between China and U.S.
Chair: Marcus Noland, PIIE
C. Fred Bergsten, PIIE | presentationpaper
Dong Yan, Institute of World Economics & Politics, CASS | presentation
Caroline Freund, World Bank and PIIE (on leave for public service) | presentation
Yu Yongding, CASS | presentation
12:00 – 12:15 pm Buffet Lunch
12:15 – 1:30 pm Session 2: Risks and Realities of a Technological Race and Cooperation Between China and the U.S.
Chair: Zhang Yuyan, Institute of World Economics & Politics (IWEP), CASS
Lee Branstetter, Carnegie Mellon University and PIIE | presentation | paper
Huang Qunhui, Institute of Industrial Economics, CASS | presentation
Mary E. Lovely, Syracuse University and PIIE | paper
Wang Xuejia, Enterprises Rights Protection Center, China Council for the Promotion of International Trade (CCPIT) | presentation
1:30 – 2:45 pm Session 3: The WTO Reform
Chair: Pei Changhong, Former Director General of Institute of Economics, CASS
Jiang Xiaojuan, Committee of Social Construction of the National People’s Congress | prepared remarks
Gary Clyde Hufbauer, PIIE
Huo Jianguo, Former Director General, Chinese Academy of International Trade and Economic Cooperation
Sherman Robinson, PIIE
2:45 – 3:00 pm Coffee Break
3:00 – 4:30 pm Session 4: How to Rebuild Sino-US Strategic Trust
Chair: Christopher A. Padilla, IBM Corporation
Adam S. Posen, PIIE | paper
Wu Baiyi, CASS
Yao Zhizhong, Institute of World Economics and Politics (IWEP), CASS | prepared remarks