California | January 25, 2019

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.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.