Reports

07.16.09

East Asia’s Foreign Exchange Rate Policies

Michael F. Martin
Peony Lui
Congressional Research Service
Financial authorities in East Asia have adopted a variety of foreign exchange rate policies, ranging from Hong Kong’s currency board system which links the Hong Kong dollar to the U.S. dollar, to the “independently floating” exchange rates of Japan...

Reports

03.31.09

Asia Pacfic Economic Cooperation (APEC) and the 2008 Meetings in Lima, Peru

Michael F. Martin
Peony Lui
Congressional Research Service
Congress and the Executive Branch have historically identified the Asia Pacific Economic Cooperation (APEC) as an important organization to help promote the U.S. goal of liberalizing international trade and investment in Asia, and possibly the rest...

Reports

12.19.08

Sino-Japanese Relations: Issues for U.S. Policy

Emma Chanlett-Avery, Kerry Dumbaugh, William H. Cooper
Peony Lui
Congressional Research Service
After a period of diplomatic rancor earlier this decade, Japan and China have demonstrably improved their bilateral relationship. The emerging detente includes breakthrough agreements on territorial disputes, various high-level exchanges, and...

Reports

08.24.08

Energy Interests and Alliances: China, America and Africa

Angelica Austin, Danila Bochkarev, and Willem van der Geest
EastWest Institute
According to conventional wisdom, the United States and China are locked in a high-stakes competition for energy resources around the world, particularly in Africa. Against the backdrop of highly volatile oil prices, mounting concerns about global...

Reports

11.01.07

China's Changing Trade Elasticities

Jahangir Aziz and Xiangming Li
International Monetary Fund (IMF)
In recent years, much has been written about the China's rising current account surplus and the importance of its exchange rate policy. At the same time, the increasing integration of China into the global economy has raised questions about how...

Reports

09.01.07

The Shifting Structure of China's Trade and Production

Li Cui and Murtaza Syed
International Monetary Fund (IMF)
This paper uses disaggregated trade data to assess how the expansion of China's production capacity and its changing production structure may be affecting its trade linkages with other countries. It finds that China is moving away from...

Reports

01.13.07

Is China a Threat to the U.S. Economy?

Craig K. Elwell, Marc Labonte
Peony Lui
Congressional Research Service
The rise of China from a poor, stagnant country to a major economic power within a time span of only twenty-eight years is often described by analysts as one of the greatest economic success stories in modern times. From 1979 (when economic reforms...

Reports

01.04.07

China’s Trade with the United States and the World

Thomas Lum, Dick K. Nanto
Peony Lui
Congressional Research Service
As imports from the People’s Republic of China (PRC) have surged in recent years, posing a threat to some U.S. industries and manufacturing employment, Congress has begun to focus on not only access to the Chinese market and intellectual property...

Reports

07.11.06

Who’s Manipulating Whom? China’s Currency and the U.S. Economy

Daniel Griswold
Cato Institute
Congress and the Bush administration continue to pressure China to allow its currency to appreciate against the U.S. dollar under threat of trade sanctions. Critics contend “currency manipulation” gives Chinese producers an unfair advantage against...

Reports

04.20.05

China’s Growing Interest in Latin America

Kerry Dumbaugh, Mark P. Sullivan
Peony Lui
Congressional Research Service
Over the past year, increasing attention has focused on China’s growing interest in Latin America. Most analysts appear to agree that China’s primary interest in the region is to gain greater access to needed resources—such as oil, copper, and iron—...

Reports

01.01.05

Exchange Rate and Monetary Policy in China

Nicholas R. Lardy
Cato Institute
China's account surplus has increased sharply as a product of economic growth and manipulation of its undervalued currency. This paper argues that China's account surplus is actually higher than reports indicate. China’s monetary...

Reports

05.20.04

China-U.S. Relations: Current Issues for the 108th Congress

Kerry Dumbaugh
Peony Lui
Congressional Research Service
During the George W. Bush Administration, U.S. and People’s Republic of China (PRC) foreign policy calculations have undergone several changes. The Bush Administration assumed office in January 2001 viewing China as a U.S. ”strategic competitor.”...

Reports

08.06.03

China and the World Trade Organization

Wayne M. Morrison
Peony Lui
Congressional Research Service
After many years of difficult negotiations, China, on December 11, 2001, become a member of the World Trade Organization (WTO), the international agency that administers multilateral trade rules. Under the terms of its WTO membership, China agreed...

Reports

08.01.03

Asia Pacific Economic Cooperation (APEC), Free Trade, and the 2003 Summit in Bangkok, Thailand

Dick K. Nanto
Peony Lui
Congressional Research Service
On October 20-21, 2003, the Eleventh APEC Leader’s Meeting is to be held in Bangkok, Thailand. The theme for APEC 2003 is “A World of Differences: Partnership for the Future,” which is intended to bring together the best potential of all APEC...

Reports

01.31.03

China-U.S. Relations

Kerry Dumbaugh
Peony Lui
Congressional Research Service
In the wake of the September 11, 2001 terrorist attacks against the United States, U.S. and PRC foreign policy calculations appear to be changing. The Administration of George W. Bush assumed office in January 2001 viewing China as a U.S. “strategic...

Reports

10.17.02

Asia Pacific Economic Cooperation (APEC), FreeTrade, and the 2002 Summit in Mexico

Dick K. Nanto
Peony Lui
Congressional Research Service
On October 26-27, 2002, the Tenth APEC Leaders’ Meeting (summit) is to be hosted by Mexico in Las Cabos, Mexico. APEC 2002 is intended to send a clear message to the world that APEC has the ability to implement its initiatives while responding and...

Reports

10.26.01

Asia Pacific Economic Cooperation (APEC), Free Trade, and the 2001 Summit in Shanghai

Dick K. Nanto
Peony Lui
Congressional Research Service
On October 20-21, 2001, the Ninth APEC Leaders’ Meeting (summit) was hosted by China in Shanghai. The theme for APEC 2001 was “Meeting New Challenges in the New Century: Achieving Common Prosperity through Participation and Cooperation” with the sub...

Reports

04.24.00

China’s Long March to a Market Economy

Mark A. Groombridge
Cato Institute
The U.S. Congress is in the historic position of being able to help pro-reform leaders in China move their country in a market-oriented direction. A vote to grant China permanent normal trade relations (PNTR) status will bolster the position of...

Reports

07.19.99

Trade and the Transformation of China

Dan Griswold, Ned Graham, Robert Kapp, and Nicholas Lardy
Cato Institute
Congress will soon consider whether to revoke normal trade relations (NTR) with China and then, possibly in the fall, whether to make NTR permanent as part of China’s anticipated entry into the World Trade Organization. The consequences of...

Where the East Begins

Jonathan D. Spence from New York Review of Books
Between 1965 and 1977, Donald Lach published the first two volumes of his Asia in the Making of Europe, an illuminating and erudite survey of the various ways that Asia has affected scholarship, literature, and the visual arts in the West. Beginning...

China: Mulberries and Famine

Jonathan D. Spence from New York Review of Books
Near the beginning of the Chinese “Classic of Historical Documents” (the Shujing), where the doings of early mythic rulers are being described, there is a brief passage that stands out among the others for its precision and clarity. The focus of...