Event Recap

US-China Economic Relations in the New Era of Globalization

Jiming Ha (China Finance 40 Forum), Joseph E. Gagnon (PIIE), Chad P. Bown (PIIE) and Jeffrey J. Schott (PIIE)

Details

June 8, 2017 12:15 PM to 1:30 PM
PIIE Webcast, Washington, DC

Event Summary

The Peterson Institute for International Economics (PIIE), along with the China Finance 40 Forum (CF40), the noted independent economic think tank based in Beijing, hosted a panel discussion on "US-China Economic Relations in the New Era of Globalization" on June 8, 2017. In mid-May in China, PIIE and CF40 launched a joint report identifying areas of common interest for the Chinese and US leaderships, as well as practical ways of cooperation. The report provides indepth analysis on the impact of policy changes, in both the United States and China, concerning exchange rates, bilateral investment, and trade relations. CF40 researcher Jiming Ha presented the Chinese perspective on creating a basis for US-China economic cooperation under the current US administration. PIIE senior fellows also presented their recommendations: Joseph E. Gagnon on stability-oriented Chinese exchange rate policy, Chad P. Bown on US-China trade disputes, and Jeffrey Schott on Asia-Pacific regionalism.

Prior to joining CF40, Jiming Ha was most recently managing director at Goldman Sachs in Hong Kong from 2010 to April 2017. He was previously chief economist at the China International Capital Corporation (2004–10) and a senior economist at the International Monetary Fund.

Gagnon has been a senior fellow at PIIE since September 2009. He previously served at the US Federal Reserve Board as associate director of the divisions of international finance, and of research and statistics. He is the coauthor of the recent Institute book, Currency Conflict and Trade Policy: A New Strategy for the United States.

Bown joined PIIE in April 2016 as a senior fellow. Previously, he was lead economist at the World Bank, conducting research on international trade policy. He also served as senior economist for international trade and investment in the White House on the Council of Economic Advisers.

Schott has been a senior fellow at PIIE since 1983, focused on international trade policy and economic sanctions. He is the author, coauthor, or editor of several books on trade, including Local Content Requirements: A Global Problem (2013) and Trans-Pacific Partnership: An Assessment (2016).