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U.S.-China Economies Transition from Strategic Engagement to Strategic Competition
The second annual 2019 Cathay Bank, UCLA Anderson Forecast U.S.-China Economic Report provides insights on the U.S. and China economies as well as a forecast of what may be on the horizon. The new report focuses on the complementary and competitive trade approaches of the U.S. and China, including economic facts relating to trade tensions and imbalances, as well as thoughts on economic growth, induced joint ventures, and technology transfers.
Dr. William Yu, Economist of the UCLA Anderson Forecast, says, “The good news is that it is likely we will see a new trade deal between the U.S. and China by March to prevent 25% tariffs on $200 billion of Chinese goods. But we need to realize that, whether we like it or not, the U.S.-China relationship is at a transition from strategic engagement in the past to strategic competition in the future. We forecast the U.S. and L.A. economies continue to grow in 2019 while risks in Chinese and global economies increase.”
UCLA Anderson Forecast’s Jerry Nickelsburg says, “This is an extremely interesting time to be using our expert econometric modeling and analytic techniques to develop our perspective on the U.S. and Chinese economies. We’re excited to be continuing our collaboration with Cathay Bank, sharing our unique expertise with its customers and audiences across the country.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Economy
