LEADER 03747oam 22004934a 450 001 9910827053103321 005 20211005201740.0 010 $a988-237-785-8 035 $a(CKB)4100000010849635 035 $a(OCoLC)1227051587 035 $a(MdBmJHUP)muse72401 035 $a(MiAaPQ)EBC6530605 035 $a(Au-PeEL)EBL6530605 035 $a(OCoLC)1244623960 035 $a(EXLCZ)994100000010849635 100 $a20190523d2019 uy 0 101 0 $aeng 135 $aur|||||||nn|n 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 04$aThe 2018 Trade War and the Future of China-U.S. Economic Relations$fLawrence J. Lau 210 1$aSha Tin :$cThe Chinese University Press,$d2019 210 3$aBaltimore, Md. :$cProject MUSE, $d2021 210 4$dİ2019 215 $a1 online resource (191 pages) 311 $a988-237-112-4 327 $aForeword / by Tung Chee-Hwa -- Preface -- 1. Introduction -- Part I. Understanding the trade war : history, facts and potential impacts -- 2. Historical highlights of China-U.S. relations -- 3. The reality of the China-U.S. trade balance -- 4. How serious are the impacts? -- Part II. Competitors and partners : challenges and opportunities for China and the U.S. -- 5. Economic complementarities -- 6. Economic competition -- 7. Why is there a technological gap? -- 8. Enhancing mutual economic interdependence -- Part III. Beyond the trade war -- 9. The long-term forces at work -- 10. The way forward. 330 8 $aThe US and China are in fact each other's most important partner in trade among many aspects. In this book, Lau looks through various economic statistics of the past few decades and shows us that while the real effects of the China-US trade war in 2018 are not negligible, they are relatively manageable for both nations. Some people might believe in the 'Thucydides Trap' that, as a rising power challenges the dominance of an established power, a China-U.S. trade war will be inevitable. Being the largest and the second largest trading nations globally, the U.S. and China are, in fact, each other's most important partner in trade. In this book, Lau looks through various economic statistics of the past few decades and shows us that while the real effects of the China-U.S. trade war in 2018 are not negligible, they are relatively manageable for both nations. There is no need to panic despite psychological effects on the Chinese stock markets and on the Renminbi exchange rate. Behind the trade war is the potential economic and technological competition between China and the U.S., which is likely to become the 'new normal'. It is up to each government battle against the rise of xenophobia, with the facts that China-U.S. economic collaboration is a potentially positive-sum game through better coordination and fully utilising each other's currently underutilised resources. Balancing China-U.S. trade and enhancing economic interdependence is actually possible 606 $aInternational economic relations$2fast$3(OCoLC)fst00976891 607 $aChina$xForeign economic relations$zUnited States 607 $aUnited States$xForeign economic relations$zChina 607 $aChina$2fast$1https://id.oclc.org/worldcat/entity/E39PBJcrd4RjtCBk4wfMhTwwG3 607 $aUnited States$2fast$1https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq 608 $aElectronic books. 615 7$aInternational economic relations. 676 $a337.51073 702 $aLau$b Lawrence J. 801 0$bMdBmJHUP 801 1$bMdBmJHUP 906 $aBOOK 912 $a9910827053103321 996 $aThe 2018 Trade War and the Future of China-U.S. Economic Relations$94022783 997 $aUNINA